Understanding central banks’ diverse motivations for CBDCs

Digital currency within 10 years – CBDCs sooner rather than later, say central banks. 

 
OMFIF’s ‘Future of payments’ survey found that two-thirds of central bank respondents expect to issue a CBDC in the next 10 years. Research into CBDCs has been accelerating in the past few years and several countries have already deployed their CBDC solutions, either as pilots or full-scale rollouts. These projects, though not necessarily perfect in their execution or adoption, have given watching central banks real-world projects to learn from.

Many questions remain about the form and structure CBDC designs will take but having live projects to analyse has given other central banks more confidence about their own plans. The survey also revealed that around 38% of respondents had become more inclined to issue a CBDC over the course of 2022.

Click below to read the full article in the DMI annual 2023 (page 13). You may also be interested in an article by Michael Kanovitz, chief executive officer of Jurat, on effective crypto regulation on page 31.

 Πλήρες άρθρο εδώ:  DMI 2023

 Πηγή: omfif.org