93 % of Central banks surveyed work on CBDC projects, while developing countries have previously issued CBDCs- new survey forecast 15 retail and 9 wholesale CBDCs by 2030

Von Krypto News Österreich

Die Bank für Internationalen Zahlungsausgleich (BIZ) hat Ende 2022 eine Umfrage unter 86 Zentralbanken durchgeführt, um herauszufinden, wie weit sie bei der Entwicklung von digitalen Zentralbankwährungen (CBDCs) sind. Die Umfrage ergab, dass etwa 93 % der befragten Zentralbanken an CBDC-Projekten arbeiten. Sowohl große Volkswirtschaften wie Indien und das Vereinigte Königreich als auch die Europäische Union erwägen die Einführung digitaler Versionen ihrer Währungen. Die Untersuchung umfasste Jurisdiktionen, die zusammen 94 % der globalen Wirtschaftsleistung repräsentieren. Dabei zeigte sich, dass Schwellenländer bei der Entwicklung von CBDCs sowohl für den Einzelhandel als auch für den Großhandel den etablierten Ländern weit voraus sind. Über …
At the end of 2022, the bank for international payment compensation (BIZ) carried out a survey of 86 central banks to find out how far it is in the development of digital central bank currencies (CBDCs). The survey showed that around 93 % of the central banks surveyed are working on CBDC projects. Both large economies such as India and the United Kingdom as well as the European Union consider the introduction of digital versions of their currencies. The examination included jurisdictions that together represent 94 % of global economic output. It was shown that emerging countries in the development of CBDCs are far ahead of the established countries for both retail and wholesale. Above … (Symbolbild/KNAT)

The Bank for International Payment Compensation (BIZ) carried out a survey of 86 central banks at the end of 2022 to find out how far it is in the development of digital central bank currencies (CBDCs). The survey showed that around 93 % of the central banks surveyed are working on CBDC projects. Both large economies such as India and the United Kingdom as well as the European Union consider the introduction of digital versions of their currencies.

The investigation included jurisdictions that together represent 94 % of global economic output. It was shown that emerging countries in the development of CBDCs are far ahead of the established countries for both retail and wholesale. Over 60 % of the banks surveyed have intensified their research as part of these projects after crypto-assets and stable coins have become increasingly popular.

It was found that the work on CBDCs for retail has continued to have progressed than the development of CBDCs for wholesale. Twice as many central banks test CBDCs for private customers compared to those who test wholesale transactions. It is expected that around 18 % of currency authorities will be issued a CBDC for private customers within the next three years.

According to the results of the survey, stable coins and other crypto assets are rarely used outside the crypto ecosystem for payments. Instead, they are mainly used for cross -border transfers and consumers. The central banks are of the opinion that CBDCs could alleviate bottlenecks for cross -border payments.

So far, only developing countries such as the Bahamas, the Eastern Caribbean, Jamaica and Nigeria CBDCs have issued. The output of a CBDC requires a legal framework that gives the central banks the authority. The proportion of central banks that have such legal authority has increased from 26 % to 27 % compared to the previous year. About 8 % of the legal systems surveyed currently adapt their laws to clarify this authority.

According to the survey, 15 CBDCs for retail and 9 for wholesale could be in circulation by 2030. It remains to be seen how the development of digital central bank currencies will develop in the coming years.