{"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='Video: a cautionary tale of cyber privacy'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-a-cautionary-tale-of-cyber-privacy\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/10\/A-Cyber-Privacy-Parable-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11365\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11365'>\n\t\t\t\tVideo: a cautionary tale of cyber privacy\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Southeast Asian nations agree to strengthen cybersecurity'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/southeast-asian-nations-agree-to-strengthen-cybersecurity\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/10\/southeast-asian-nations-agree-to-strengthen-cybersecurity-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11161\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11161'>\n\t\t\t\tSoutheast Asian nations agree to strengthen cybersecurity\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: data-driven technologies for empowering finance'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-data-driven-technologies-for-empowering-finance\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/03\/Capgemini-Invent-Talks-Empowering-Finance-Risk-and-Compliance-by-Data-and-AI-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14612\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14612'>\n\t\t\t\tVideo: data-driven technologies for empowering finance\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":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17498"}],"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}]}}