IEIM401565 | Financial Accounts: Depository Account: Central Bank Digital Currencies

From 1 January 2026, the definition of Depository Account is expanded to include an account or notional account that represents all Specified Electronic Money Products (see IEIM401560) held for the benefit of a customer, and an account that holds one or more Central Bank Digital Currencies for the benefit of a customer.

The definition of Central Bank Digital Currency is any digital fiat currency issued by a Central Bank.

Fiat currency means the official currency of a jurisdiction, issued by a jurisdiction or by a jurisdiction’s designated Central Bank or monetary authority.