Weakening CBDC...1 in 3 Central Banks Delays Introduction

One in three central banks has postponed plans to introduce a Central Bank Digital Currency (CBDC).

According to a report released by the UK think tank OMFIF on the 11th (local time), 31% of central banks pursuing CBDC introduction have delayed the issuance timing. The main reason for the delay in introduction plans was cited as 'economic issues.' OMFIF stated in the report, "One respondent cited soaring inflation and increasing debt burdens as reasons for the (CBDC) issuance schedule delay."

The number of central banks considering CBDC issuance has also significantly decreased. In this report, the proportion of central banks considering CBDC issuance was recorded at 18%, a 20 percentage point decrease from 2022 (38%).

Meanwhile, U.S. President Donald Trump signed an executive order prohibiting CBDC issuance shortly after taking office last month. Jerome Powell, Chairman of the U.S. Federal Reserve, also stated that the U.S. will not introduce a CBDC during his term.