Analysis

Lawrence Au 2/21/24 Lawrence Au 2/21/24

Asian CBDCs: in search of added value

Worldwide, 130 countries representing 98% of global gross domestic product, are now exploring CBDCs. But thus far, only four developing countries have introduced CBDCs but the adoption rates have been disappointing. Asian countries are experiencing similar challenges.

Lawrence Au 9/15/21 Lawrence Au 9/15/21

Central bank digital currencies

CBDCs are actively researched on by 56 central banks representing 90% of the global economy. Apart from China which is progressing with its e-CNY project at high speed, 14 other countries are in the pilot stage of their CBDCs and preparing a possible full launch. The BIS anticipates that one-fifth of the world’s population may be using CBDCs in three years.