Trends Report

In Europe And North America, Don’t Expect Any CBDC Issuances Within The Next Two Years

Research And Tech Evaluation Activity Will Continue

January 10th, 2024
Martha Bennett, VP, Principal Analyst
Martha Bennett VP, Principal Analyst
Meng Liu, Senior Analyst
Meng Liu Senior Analyst
Kerstin Wehmeyer, Researcher
Kerstin Wehmeyer Researcher
With contributors:
Laura Koetzle , Christian Prandi , Demi Starks

Summary

Central bank digital currencies (CBDCs) have been under discussion for several years, with activity intensifying in 2019. Since then, China’s digital yuan project has progressed to an advanced pilot stage, India is piloting the digital rupee, and a handful of countries have launched a CBDC. But what about Western Europe and North America? This report sheds light on the dynamics that drive CBDC development and summarizes the latest status of the main initiatives in Europe, the US, and Canada.

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