<ul><li>The Bank for International Settlements (BIS) has proposed a hybrid model for retail central bank digital currencies (CBDCs).</li><li>The hybrid model integrates central bank control with private sector collaboration.</li><li>Private intermediaries would handle user-facing responsibilities like KYC verification and transaction facilitation.</li><li>The proposed CBDC architecture includes features like tiered KYC mechanisms, offline payment capabilities, and programmability through smart contracts.</li></ul>

BIS proposes hybrid retail CBDC model blending central bank oversight with private sector roles

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