According to a joint survey by the Official Monetary and Financial Institutions Forum and Giesecke+Devrient, approximately one-third of central banks have postponed the implementation of Central Bank Digital Currency (CBDC) projects, while 75% still intend to issue them. Reuters reported that 67% of these banks have not changed their stance, but 15% show less inclination to issue CBDC. Privacy concerns and oppositions such as Trump’s ban on digital dollar have posed challenges. Jerome Powell, the Federal Reserve Chairman, has emphasized that CBDC will not be issued as long as he is in office. However, maintaining central bank monetary sovereignty is the main motivation to continue these projects. Low user acceptance in emerging markets is considered a significant challenge.
