The Bank of Jamaica – harnessing technology from eCurrency Mint – was one of the first countries to launch a nationwide central bank digital currency (CBDC). Now, more than 100 central banks are engaged in CBDC work. 

But reaching historic landmarks in the evolution of money and pioneering new technology comes with inherent risks. Central Banking’s Fintech Benchmarks 2024 revealed four in five institutions believe a CBDC increases cyber risks. Operational risk can also compromise security, as