Why Would Anyone Use a Central Bank Digital Currency?

Author (Person)
Series Title
Publication Date June 2022
Content Type


Argues that central banks would struggle to rollout central bank digital currencies (CBDCs) that would be widely adopted. They may not provide consumers the same benefits as today’s services; privacy is unlikely to be a game-changer; and the private sector still offers scope for innovation. Without widespread adoption, a CBDC will be an expensive failure, and will do little to advance central banks’ goals. For the EU, regulation is a more sensible way to make European payments cheaper, and more diverse, competitive and innovative. The EU should not be distracted by the prospect of a digital euro – which may sound impressive and exciting, but may give Europeans few benefits they cannot enjoy already.

Source Link https://www.cer.eu/insights/why-would-anyone-use-central-bank-digital-currency
Alternative sources
  • https://www.cer.eu/sites/default/files/insight_ZM_digcurrency_7.6.22.pdf
Related Links
ESO Records
ECB: Oct. 2020: Report on a digital euro https://www.europeansources.info/record/report-on-a-digital-euro/
European Economy: Institutional Papers: Vol. 20, no. 3, Dec. 2021: Quarterly Report on the Euro Area (QREA) https://www.europeansources.info/record/quarterly-report-on-the-euro-area-qrea-vol-20-no-3-2021/

Subject Categories
Subject Tags
International Organisations