Bibliografía: p. 80-84

The European Blockchain Observatory and Forum (EUBOF) has just published a report identifying and evaluating eight alternative design architectures for the digital euro. The EUBOF report, coordinated by the Institute for the Future (IFF) at the University of Nicosia, goes a step further from previous efforts, by considering specific design options for the digital euro and evaluating them against the core principles and requirements set by the ECB. This large-scale research aims at contributing to the ongoing debate to develop the digital euro, highlighting the following dimensions:
- How the digital euro will differ based on whether it functions similarly to today's bank deposits (an account-based digital euro) or similarly to today's physical cash (a token-based digital euro).
- What are the differences based on the underlying technological infrastructure of the new currency, specifically choosing between implementing it atop existing eurozone-wide payment rails (such as the TIPS) or atop novel technological architectures, such as blockchain.
- Explores whether the ECB, as well as the Eurozone banking system and European citizens, would be better-off if the digital euro was exclusively coordinated by the Central Bank or if it was distributed and managed in collaboration with Europe's commercial banks and other financial institutions.
- Addresses additional considerations related to technology (interoperability and programmability features of the digital euro), regulatory aspects (traceability, compliance, and AML/KYC enforcement) and end-user experience (fund custody, digital wallet design and user interfaces).
- Identifies and studies several implications of the digital euro to areas such as financial stability or the operation of the European banking industry.