Those who use central bank sponsored digital wallets would not see their funds treated as interest bearing deposits.11 However, the Central Bank will explore future innovations that would allow mobile wallets holders to invest in Government securities.
While it would be possible to maintain mobile wallets independent of a bank account, the Central Bank intends to impose a ceiling on how much digital currency could be maintained in mobile wallets. High volume use will require a passthrough flow of funds to personal bank accounts. Business accounts would always fit this profile.