(AGENPARL) – gio 06 luglio 2023 Dear journalists,
A new study compiled by Finbold reveals that as of the first half of 2023, more than 100 countries are actively exploring Central Bank Digital Currencies (CBDCs). According to the report:
– 109 countries are actively exploring or engaging in CBDCs across various phases as of June 2023;
– 45 countries were involved in research, 32 were engaged in development, and 21 were in the pilot stage;
– 16 countries were inactive, 11 have already launched their CBDC projects, and two had canceled their involvement.
– In June 2023, the number of countries in advanced exploration phases of CBDC development reached its highest level, with a total of 64 countries, representing a 28% increase from the value of 50 countries in May 2022.
Kindly find the press release below.
Best regards,
Justinas Baltrusaitis
Finbold.com
For Immediate Release
Media contact: Justinas Baltrusaitis
Finbold.com
128 City Road
London
UK, EC1V 2NX
Over 100 countries are actively exploring Central Bank Digital Currencies (CBDCs)
Central Bank Digital Currencies (CBDCs) are gaining prominence as they aim to revolutionize transactions in the digital era. While the currency is facing criticism, most countries worldwide are actively engaging with CBDCs due to their potential in the evolving realm of digital money.
Elsewhere, in June 2023, the number of countries in advanced exploration phases of CBDC development, including pilot and launched stages, reached its highest level, with a total of 64 countries. This figure represents a 28% increase from the value of 50 countries in May 2022. In June 2021, the value stood at 41 countries.
Tackling private cryptocurrencies
The report highlighted some of the drivers behind the push to establish CBDCs. According to the research report:
> “The notion that the rise of cryptocurrencies and stablecoins poses a threat to national currencies has emerged as one of the key drivers behind CBDCs. In this case, CBDCs respond to this challenge, ensuring central banks keep up with the digital revolution.”