Limited Support, Lack Of Understanding Around CBDCs, CFA Survey Finds
The CFA Institute, a global association for bankers, investors, and finance professionals, recently conducted an extensive survey on central bank digital currencies, revealing limited support and a lack of understanding surrounding digital currencies like the digital dollar, euro, yen, or pound. While countries like the Bahamas and Nigeria have already introduced CBDCs, approximately 130 other nations, representing 98 per cent of the global economy, are exploring the possibility of doing the same. Respondents from developed markets displayed lesser enthusiasm for CBDCs, with only 37 per cent in favour, compared to 61 per cent from emerging markets. The United States, Canada, the European Union, and the United Kingdom demonstrated varying levels of support for the concept, with 31 per cent, 38 per cent, 45 per cent, and 46 per cent respectively. Regarding concerns, the survey found that 69 per cent of respondents globally viewed cyberhacking as the most significant issue associated with CBDCs.
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