Central banks’ involvement in central bank digital currency (CBDC) work remained strong in 2024. Of the 93 central banks surveyed, 91% (85) were exploring either a retail CBDC, a wholesale CBDC or both. At an aggregate level, the exploration of wholesale CBDCs is at more advanced stages than exploration of retail CBDCs. The focus and stage of the work and envisioned use cases and design features of CBDCs vary across jurisdictions.
Yet, preserving the role of central bank money amid the decline of cash and the rise of tokenisation of traditional assets is a key driver for many central banks.
More than one in three jurisdictions had also accelerated work on CBDCs in light of developments in stablecoins and other cryptoassets. While the use of stablecoins for payments outside the cryptoassets ecosystem is still limited in most jurisdictions, it is more widespread for cross-border payments and remittances in certain emerging market and developing economies.
The results show that work on CBDCs progressed in tandem with an increasing number of jurisdictions enacting or developing regulations for stablecoins and other cryptoassets. Work on CBDCs also advanced as private and public sector engagements in asset tokenisation increased in many jurisdictions.
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Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
