{"id":21081,"date":"2025-02-12T12:26:42","date_gmt":"2025-02-12T10:26:42","guid":{"rendered":"https:\/\/forklog.com\/en\/central-banks-show-waning-interest-in-cbdcs-researchers-find\/"},"modified":"2025-02-12T12:26:42","modified_gmt":"2025-02-12T10:26:42","slug":"central-banks-show-waning-interest-in-cbdcs-researchers-find","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/central-banks-show-waning-interest-in-cbdcs-researchers-find\/","title":{"rendered":"Central Banks Show Waning Interest in CBDCs, Researchers Find"},"content":{"rendered":"

The proportion of central banks reporting diminished interest in issuing national digital currencies (CBDCs) has risen from zero in 2022 to 15%, according to findings by OMFIF<\/a>.<\/p>\n

The study also revealed a decline in the number of central banks eager to issue CBDCs \u2014<\/em> from 38% to 18%.<\/p>\n

\"1-1432\"
Data: OMFIF.<\/figcaption><\/figure>\n

The sample comprised responses from 34 regulators, with fintech firm Giesecke+Devrient partnering in the research.<\/p>\n

Among those surveyed, 31% of central bank representatives have postponed the issuance of digital currencies, 10% \u2014<\/em> have accelerated it, while 59% \u2014<\/em> maintain their original timelines.<\/p>\n

Most central banks anticipate project implementation within the next decade.<\/p>\n

\"2-1021\"
Data: OMFIF.<\/figcaption><\/figure>\n

Main Challenges<\/strong><\/h2>\n

The primary reasons for delays are “concerns about the regulatory framework and governance system.” Respondents also mentioned “exploring a broader range of solutions.”<\/p>\n

\n

“The formation of legislation partly depends on political will, not the capabilities of regulators,”<\/em> the report states.<\/p>\n<\/blockquote>\n

Other reasons for delay include economic and technical issues, which researchers note are no longer significant obstacles for most central banks.<\/p>\n

In previous surveys, central banks cited challenges such as offline payments, privacy, and compatibility with existing payment systems.<\/p>\n

Currently, analysts noted that privacy is “an increasingly contentious issue given the vast amounts of personal data being collected, stored, and analyzed.”<\/p>\n

Over the past year, interoperability, user experience, and scalability have become more complex challenges.<\/p>\n

OMFIF believes this reflects progress in addressing more substantial issues related to the creation of digital currencies. Without improvements in key technical areas, central banks would unlikely have advanced to a stage where these aspects gain prominence.<\/p>\n

\"3-575\"
Data: OMFIF.<\/figcaption><\/figure>\n

Back in January, U.S. President Donald Trump signed an order mandating the ban on the issuance and promotion of CBDCs <\/a>in the country. Agencies are required to cease all related programs and initiatives.<\/p>\n

Later, European Central Bank board member ECB<\/span> Piero Cipollone expressed concern about the Trump administration’s active promotion of stablecoin-related initiatives. The official noted that work on the digital euro is “on schedule.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The proportion of central banks reporting diminished interest in issuing national digital currencies (CBDCs) has risen from zero in 2022 to 15%, according to findings by OMFIF. The study also revealed a decline in the number of central banks eager to issue CBDCs \u2014 from 38% to 18%. Data: OMFIF. The sample comprised responses from […]<\/p>\n","protected":false},"author":1,"featured_media":21080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,36,167],"class_list":["post-21081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-regulation","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21081"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21080"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}