国际清算银行：2025年技术创新背景下的央行货币批发报告（英文版）

In recent years, there has been a high level of technological innovation in payments and financial market infrastructures, often driven by the exploration of distributed ledger technology (DLT). In previous episodes of technological advancement in payments, a critical enabler of safe and effective innovation has been the ability to integrate new technologies into existing forms of settlement. In this dynamic context, it is crucial for central banks to deepen their understanding of trends in t