Home CBDC 2020-2025: A timeline of the global shift to digital currency

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The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Feb 2022

CBDC 2020-2025: A timeline of the global shift to digital currency

This geographical timeline and ranking has been developed primarily on the basis of researches carried out by the Atlantic Council (CBDC Tracker) and Madhvi Mavadiya (published in finextra). Based on this data, we have attempted to position the prospects of central bank digital currency (CBDC) projects over time.

The creation of a digital currency essentially goes through three phases: research, development and testing, each of them taking several years. The timeline presented here is therefore the result of our research based on official announcements from various governments and central banks, as well as information from other media. 

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Contents

The monetary paradigm shift initiated around 2014 by China as part of the dual trend of "multipolarisation + digitalisation" is now launched at full speed. The followed paths are various, [...]

The Fed published last month a timid report assessing the risks and opportunities of developing a central bank digital currency (CBDC). The document, marked by caution and patience, insisted that [...]

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