Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305241 
Year of Publication: 
2024
Series/Report no.: 
SWP Comment No. 48/2024
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
The number of digital currencies has increased significantly in recent years. So-called central bank digital currencies (CBDCs), created by central banks, are at the forefront of this development. Combining the advantages of an electronic means of payment - namely the speed and efficiency of transactions - with the stability and confidence that central banks enjoy, CBDCs will surely have a significant influence on the development of international payment systems in the coming years. Work on this topic has accelerated significantly in many parts of the world following the imposition of sanctions against Russia by the G7. The European Union (EU) and China are also engaged in planning and shaping their own CBDCs, but there are significant differences in the motivations, pace of progress and ambitions associated with these projects.
Subjects: 
Central Bank
money
digitalisation
digital currencies
central bank digital currencies (CBDCs)
sanctions against Russia
G7
European Union (EU)
China
eurozone
blockchain technologies
People's Bank of China (PBoC)
e-CNY
European Central Bank (ECB)
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Research Report

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