CBDCs: It’s time for action
Report launch
11 February 2025
Central bank digital currencies have been on the lips of almost every central banker in the world for several years, but few have taken the plunge and actually launched one. The payments world is evolving at a breakneck pace, and the financial system is facing major challenges that could be solved by CBDCs. Financial inclusion initiatives have not yet reached everyone, and today’s payments system comes with costly friction and little automation. Inaction regarding CBDC issuance can have as many consequences as action.
To explore the factors contributing to the limited launch of CBDCs, OMFIF’s Digital Monetary Institute conducted a landmark survey of central banks, examining their opinions on CBDCs, what they hope to achieve with one and what elements they are struggling with. We also explored the implications that may arise from any delays in the issuance of CBDC. The results of this survey are featured in this report, produced in partnership with G+D.
Speakers
John Orchard
Wolfram Seidemann
Yoav Soffer
Peerapong Thonnagith
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Partner with us
As regulators catch up to the nuances of the new asset class, financial institutions’ experiments with digital asset technology are beginning to yield results – promising a newer and more efficient transaction medium for financial markets.
Our team of researchers at OMFIF have identified four pivotal pillars that require careful consideration over the coming months: the digitalisation of traditional finance, digital assets for sustainability, thriving in winter and spring cleaning the crypto market.
OMFIF’s readership spans policy-makers, supranational institutions, 129 central banks and 10,000+ subscribers across the private and public sector. By partnering with the Digital Monetary Institute for this report on digital assets, your organisation will be showcased as a leader in building and protecting the markets of the future.
For partnership enquiries please contact Folusho Olutosin at [email protected].
About DMI
The DMI was founded to meet the needs of central banks in understanding the emerging digital economy. Today the DMI is the leading convenor between the public and private sector on digital currencies and the future of capital markets.
We provide a trusted platform for our global community of central banks, multinational financial services, payment service providers, commercial banks and technology providers to shape the dialogue on the future of money. Driven by central banks, the DMI is the go-to place for policy discussions on central bank digital currencies and all related issues.
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