A recent survey of the global investment industry conducted by the CFA Institute reveals a distinct divide in the attitudes of respondents towards Central Bank Digital Currencies (CBDCs). Out of over 4,150 respondents, only 42% backed the idea of launching CBDCs. Notably, only 37% of respondents from developed markets supported CBDCs, compared to 61% from emerging markets. The responses also vary in each country, with a mere 31% in the US, but as high as 70% in China, supporting the introduction of CBDCs. The respondent’s primary concerns include the potential failure of CBDCs to address a compelling need and the risks of cyberhacking and data privacy.

Source: https://www.reuters.com