It is hard to imagine that just two years ago, the general discourse around central bank digital currencies, or CBDCs, was mainly focused on the potential and possibility of issuing them. Even in 2019, the question was about whether we need state-owned cryptocurrencies, with only 70% of central banks worldwide studying the potential of issuing a CBDC, according to a survey published by the Bank for International Settlements at the beginning of 2019. But this year, everything is indeed different.
2020 started with a major event within the financial world: the World Economic Forum in Davos, where the WEF released a toolkit for policymakers regarding the creation of CBDCs. And according to a recent BIS report, 80% of the world’s central banks have already been evaluating CBDC adoption. The news that central banks worldwide had started actively researching, studying, testing, etc., kept coming every month this year: Australia, Brazil, Cambodia, Estonia, Jamaica, Kazakhstan, Kenya, Lithuania, Russia, South Korea, Sweden, Thailand and the United Arab Emirates, to name a few. Even Japan, which two years ago was among the major critics of central bank digital currency, changed its mind.
Brian Brooks, acting comptroller of the currency of the U.S. Treasury Department’s Office of the Comptroller of the Currency:
Da Hongfei, founder of Neo, founder and CEO of Onchain:
Denelle Dixon, CEO and executive director of the Stellar Development Foundation:
Dominik Schiener, co-founder of the Iota Foundation:
Emin Gün Sirer, CEO of AvaLabs, professor at Cornell University, co-director of IC3:
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Heath Tarbert, chairman and chief executive of the U.S. Commodity Futures Trading Commission:
James Butterfill, investment strategist at CoinShares:
James Wallis, vice president of central bank engagements at Ripple:
Jimmy Song, instructor at Programming Blockchain:
Joseph Lubin, co-founder of Ethereum, founder of ConsenSys:
Mance Harmon, co-founder and CEO of Hedera Hashgraph and Swirlds Inc.:
Paul Brody, principal and global innovation leader of blockchain technology at Ernst & Young:
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