While business leaders and politicians are busy discussing climate change in Davos, the World Economic Forum (WEF) has just launched its first Central Bank Digital Currency Policy-Maker Toolkit, a research report which aims to offer high-level guidance and a step-by-step framework on how to design and launch a central bank digital currency. From the background assessment to the implementation strategy, the key takeaway from the report is that a perfect Central Bank Digital Currency (CBDC) does not exist as such: each solution brings its own advantages and disadvantages and, if anything, CBDC – either wholesale of retail – should be tailor-made to fit each country’s particular needs and purposes. Having said this, there are two key messages that stand out from the report.