Policy Implications Stemming from the ECCB's CBDC outageby@hughharsono

Policy Implications Stemming from the ECCB's CBDC outage

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The Eastern Caribbean Central Bank (ECCB) announced the outage of their central bank digital currency (CBDC), also known as Dcash. Without the ability to complete transactions, users on the Dcash platform are left in significant limbo. Cybersecurity risks and concerns must be integrated into contingencies associated with protecting CBDCs. The implications of a cyberattack by a threat actor on a CBDC would be extremely damaging for any economy regardless of scale, particularly as payment continuity is simply a necessity for any national-level CBDC.

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