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Re: [Din] [saag] Any interest in CBDC fintech standards?

Dino Farinacci <farinacci@gmail.com> Wed, 30 November 2022 18:54 UTC

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From: Dino Farinacci <farinacci@gmail.com>
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Date: Wed, 30 Nov 2022 10:54:45 -0800
Cc: IETF SAAG <saag@ietf.org>, din@irtf.org
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To: Harry Halpin <hhalpin@ibiblio.org>
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Subject: Re: [Din] [saag] Any interest in CBDC fintech standards?
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Forwarding to DINRG. I believe there is interest there.

Dino

> On Nov 30, 2022, at 1:33 AM, Harry Halpin <hhalpin@ibiblio.org> wrote:
> 
> 
> There's a large amount of momentum behind Central Bank Digital Currencies (CBDCs), but the self-evident problem is that different countries may use different software and so they will need to interopreate. I am wondering if there was any interest in the IETF in this topic?
> 
> Historically, I see some (very dated) interest in digital signatures for financial transactions [1] and some recent side meetings [2] on financial technology. I'm not quite sure what the outcome of the 2019 financial technology side meeting was.
> 
> It does seem like these CBDC technologies are important enough they should both be standardized and should have thorough cryptographic security and privacy reviews. However, I could also see this being out of scope for IETF and more in the domain of a traditional standards body. Nonetheless, having these standards created by individual nations or a opaque closed group like FATF also seems like a bad idea. Any opinions?
> 
>    yours,
>        harry
> 
> [1] https://datatracker.ietf.org/doc/draft-hemming-financial-auth/
> [2] https://mailarchive.ietf.org/arch/msg/din/XmQTyjKv4evRHIlwImlYOrdCDrI/ 
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