The central bank of Chile, which developed the design of the digital peso, announced the need for autonomous operation of the system. This is a reference to the statement of its president, which regulator Rosanna Costa reported to CoinDesk.

According to him, transactions on the CBDC platform should be accessible online and offline. At the same time, he did not rule out that effective technologies for this may appear later.

“The system should allow authorities to monitor transactions while storing the user’s personal data,” said Rosanna Costa.

Among the mandatory features of the digital peso, he listed its security, its convertibility into cash, and the possibility of using the asset by commercial banks.

The head of the Central Bank promised to prepare a policy document within a week, but the final decision on the digital form of the Chilean peso has yet to be made.

At the end of 2022, the possibility of a pilot project will be discussed with the participation of the public and private sectors.

Remember a recent survey BIS It showed that nine out of ten global central banks are examining CBDCs. The main factor in the attractiveness of digital currencies to regulators is the increased efficiency of payment systems.