Limited support for central bank digital currencies in global investment industry survey

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The most comprehensive survey of the global investment industry on central bank digital currencies to date has shown both limited support and a lack of understanding of how a digital dollar, euro, yen or pound would work.

The survey carried out by the CFA Institute, a worldwide association for bankers, investors and finance chiefs, found that only 42% of the more than 4,150 respondents who took part believed that central bank digital currencies, or CBDCs, should be launched.130 more"Even for a sophisticated and financially literate cohort like our members there is very little understanding of what CBDCs are," the CFA Institute's Olivier Fines told Reuters.

Just 31% of those in the United States supported the creation of a digital dollar, followed by 38% in Canada, 45% in the European Union and 46% in the United Kingdom. Among UK respondents who opposed launching a CBDC, the top reason cited by almost half was a belief that their introduction would not address a compelling need.

 

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