{"id":17498,"date":"2024-03-18T16:55:40","date_gmt":"2024-03-18T16:55:40","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17498"},"modified":"2024-03-18T16:55:40","modified_gmt":"2024-03-18T16:55:40","slug":"cbdcs-and-their-impact-on-finance","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/cbdcs-and-their-impact-on-finance\/","title":{"rendered":"CBDCs and Their Impact on Finance"},"content":{"rendered":"<p>Central bank digital currencies (CBDCs) are becoming a focal point in global finance, with various countries at different stages of development. In fact, 4 monetary authorities \u2013 the Bahamas, Eastern Caribbean, Jamaica and Nigeria \u2013 have already launched a CBDC; 37 more are currently running CBDC pilots; and another 70 are in development\/research phases. It should be noted that some major banks (e.g. Bank of England, European Central Bank) are taking a more cautious approach. As CBDCs continue to push toward a more prominent place, they are likely to serve as competition for cryptocurrencies and also change countries\u2019 monetary sovereignty. CBDCs are also likely to challenge traditional payment systems and foster greater financial inclusion.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17498 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='IFC Survey on the Role of Fintechs in the Financial Inclusion for Women'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/ifc-survey-on-the-role-of-fintechs-in-the-financial-inclusion-for-women\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2024\/04\/00a96c00-5c8e-2d8d-781e-eec9bc54601a1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-17587\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17587'>\n\t\t\t\tIFC Survey on the Role of Fintechs in the Financial Inclusion for Women\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Internet Banking Rank 2020 report published'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/internet-banking-rank-2020-report-published\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/hand-with-card-laptop-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15533\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15533'>\n\t\t\t\tInternet Banking Rank 2020 report published\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Infographic: 10 biometric examples reshaping our world'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-10-biometric-examples-reshaping-our-world\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/02\/10-Massive-Biometric-Technology-Examples-That-Revamped-the-World_2-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-14460\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14460'>\n\t\t\t\tInfographic: 10 biometric examples reshaping our world\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Central bank digital currencies (CBDCs) are becoming a focal point in global finance, with various countries at different stages of development. In fact, 4 monetary authorities \u2013 the Bahamas, Eastern Caribbean, Jamaica and Nigeria \u2013 have already launched a CBDC; 37 more are currently running CBDC pilots; and another 70 are in development\/research phases. It &hellip;<\/p>\n","protected":false},"author":12,"featured_media":17499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"class_list":["post-17498","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","bulletin_edition-02_february-fintech-2024","bulletin_edition-fintech-2024","b_post_type-nutshell"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17498"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17498\/revisions"}],"predecessor-version":[{"id":17501,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17498\/revisions\/17501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/17499"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}