2.1  Opportunities of CBDC  Interestingly, DLT and crypto tokens were initially developed to circumvent the banking system with the central bank at its core. It is therefore not without irony that their emergence was quickly followed by talk about the possible issuance of central bank digital currency (CBDC).
Facebook’s stablecoin initiative further fuelled this debate, as politicians are worried about Europe’s financial sovereignty in view of Libra and comparable endeavours. And indeed, a large and growing number of central banks are busy researching the possible effects of issuing CBDC. Digital central bank money for central bank counterparties, i.e.