Study Shows 98% of Global Economy are Exploring CBDC Versions

Coin Edition
Coin Edition

29 Jun 2023 8:18 AM

All the G20 countries except Argentina are developing a Central Bank Digital Currency, CBDC. Read more on Coin Edition....

  • All G20 countries, except Argentina, are developing a Central Bank Digital Currency (CBDC).
  • Research shows that 98% of the global economy is exploring digital versions of their currencies.
  • Several countries in the Caribbean and Nigeria have already launched native CBDCs.
  • China is leading in CBDC development, with pilot testing reaching 260 million people.
  • India, Brazil, and the European Central Bank (ECB) have plans to launch their CBDCs by 2024 and 2028, respectively.
  • The United States is lagging in CBDC development, with only the wholesale version progressing.
  • The decision to launch a CBDC in the US lies with Congress.

The article provides an informative overview of the development of CBDCs worldwide, highlighting the progress made by various countries. However, it also points out the lag in CBDC development in the United States.

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You May Ask

Which countries in the Caribbean have launched native CBDCs?How many countries are exploring digital versions of their currencies, according to research?What is the status of CBDC development in the United States?Who has the authority to decide on launching a CBDC in the United States?Which country has made the most progress in CBDC development, reaching 260 million people?

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