{"id":60154,"date":"2022-04-15T10:05:57","date_gmt":"2022-04-15T07:05:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60154"},"modified":"2025-09-05T01:44:54","modified_gmt":"2025-09-04T22:44:54","slug":"bis-identifies-drivers-of-cbdc-appeal-for-central-banks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bis-identifies-drivers-of-cbdc-appeal-for-central-banks\/","title":{"rendered":"BIS identifies drivers of CBDC appeal for central banks"},"content":{"rendered":"<p>Improving the efficiency of payment systems is the main motivation for central banks of developing countries considering the introduction of <span data-descr=\"national digital currency\" class=\"old_tooltip\">CBDC<\/span>. Such a finding is contained in the Bank for International Settlements (BIS) study.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Many emerging markets are engaging in <a href=\"https:\/\/twitter.com\/hashtag\/CBDC?src=hash&#038;ref_src=twsrc%5Etfw\">#CBDC<\/a> projects. Most are interested in developing digital cash, fostering financial inclusion and increasing competition, according to a survey of 26 economies. Read the survey summary and a set of country papers <a href=\"https:\/\/t.co\/Ut0DN8B9OB\">https:\/\/t.co\/Ut0DN8B9OB<\/a> <a href=\"https:\/\/t.co\/p0wViChhDx\">pic.twitter.com\/p0wViChhDx<\/a><\/p>\n<p>\u2014 Bank for International Settlements (@BIS_org) <a href=\"https:\/\/twitter.com\/BIS_org\/status\/1514595583041974278?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The survey was conducted from 9 to 10 February. It involved the heads of 26 regulators, including the central banks of China, Brazil, Hong Kong, Mexico, the UAE, Saudi Arabia, South Africa, Turkey and Russia.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Providing cash-like digital instruments and the growing popularity of private digital payment systems are the main reasons for considering issuing CBDC,&#8221;<\/em> \u2014 according to the document.<\/p>\n<\/blockquote>\n<p>Central banks also prioritise expanding access to financial services, cybersecurity risks, the potential reduction in the role of banks in the system, and spillovers from cross-border operations.<\/p>\n<p>As potential barriers to CBDC adoption, officials cited insufficient financial literacy, infrastructure challenges, high costs, and the private sector&#8217;s low readiness.<\/p>\n<p>As BIS head Agust\u00edn Carstens <a href=\"https:\/\/forklog.io\/glava-bis-nazval-tsentrobanki-luchshim-istochnikom-doveriya-k-dengam-v-tsifrovuyu-epohu\/\">\u043d\u0430\u0437\u0432\u0430\u043b<\/a> central banks the best source of trust in money in the digital age.<\/p>\n<p>In March, BIS, in collaboration with the central banks of Australia, Malaysia, Singapore and South Africa, <a href=\"https:\/\/forklog.io\/chetyre-tsentrobanka-zavershili-pilot-po-ispolzovaniyu-cbdc-v-transgranichnyh-raschetah\/\">\u0440\u0430\u0437\u0440\u0430\u0431\u043e\u0442\u0430\u043b<\/a> two prototypes of a platform for cross-border settlements with multiple CBDCs.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Improving the efficiency of payment systems is the main motivation for central banks of developing countries considering CBDC adoption. This finding comes from the BIS study.<\/p>\n","protected":false},"author":1,"featured_media":60155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1430,1095,1198],"class_list":["post-60154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bis","tag-cbdc","tag-crypto-payments"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60154","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=60154"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60154\/revisions"}],"predecessor-version":[{"id":60156,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60154\/revisions\/60156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/60155"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=60154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=60154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=60154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}