Introduction to CBDCs
The central bank digital currencies (CBDCs) are gaining attention globally with many countries exploring or advancing their digital currency projects. Countries like the Bahamas, Jamaica, and Nigeria have already launched their CBDCs, while others are in various stages of planning and research.
Taiwan’s Approach to CBDC
Taiwan’s central bank is taking a cautious and methodical approach towards the potential introduction of a CBDC. They are prioritizing public awareness and education as essential steps before any future launch. The bank plans to conduct extensive research through public hearings and discussions to inform the public about the prospective digital currency.
Global Trends in CBDC Adoption
Across the globe, an increasing number of countries are exploring or advancing their CBDC initiatives. Motivations for adopting CBDCs vary widely, with goals such as enhancing financial inclusion, improving payment efficiency, and providing a sovereign digital currency option. Policymakers are carefully weighing the risks and benefits to determine the suitability of CBDCs for their economies.
