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Central banks' interest in issuing CBDCs has noticeably declined

Central banks' interest in issuing CBDCs has noticeably declined

HappyCoinNewsHappyCoinNews2025/02/14 08:00
By:HappyCoinNews

Experts from the OMFIF platform found that the share of central banks that reported a decrease in interest in issuing national digital currencies ( CBDC ), increased from zero in 2022 to 15%.

The study also noted a decline in the number of central banks seeking to issue CBDC from 38% to 18%.

According to the survey results, 31% of central bank representatives surveyed have postponed the issuance of digital currencies, 10% have accelerated them, and 59% are sticking to the previous timings.

Most central banks expect the project to be implemented within the next ten years. Experts cited concerns about the regulatory framework and governance system, as well as economic and technical problems, as delays.

In previous surveys, central bankers have cited offline payments, privacy and compatibility with existing payment systems as challenges.

In the review, the experts also noted that privacy is an increasingly controversial issue in relation to the huge volumes of personal data collected, stored and analyzed.

According to experts, it is quite possible that the number of banks that will refuse to deploy national digital currencies in the near future will increase sharply.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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