Nearly all central banks see CBDC as environmentally friendly
Few jurisdictions see initiative as comparable to banknotes’ lifecycle
Central bank digital currency (CBDC) is viewed as ecologically favourable by almost all institutions participating in the Fintech Benchmarks 2024.
Thirty-six central banks addressed the question, with the vast majority (97.2%) answering that CBDC can be more environmentally friendly than cash. The dataset has just one high income respondent from the Americas that answered ‘no’. The central bank explains that its government is yet to take a stance on CBDC.
Some jurisdictions provided explanations
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