Central bank digital currency (CBDC) adoption in Latin America: My report with the University of Cambridge
- 3 months ago
This research is on the state of central bank digital currencies (CBDC) in Latin America. This is the sixth chapter in my report with the University of Cambridge (Proskalovich et al. 2023). I have given a general overview of this report already, so I am just focusing on the chapter on CBDC adoption here.
CBDC initiatives in Latin America are not completely new. There has been effort to develop and implement them for some time. The first initiative to explore CBDCs was actually back in 2014 in Ecuador. Most countries in Latin America have expressed interest in CBDCs, however, the extent of the engagement varies greatly from (1) exploring the opportunity, to (2) having concluded a pilot project, or (3) launched a CBDC.
If you want to learn more about this important part of the cryptoasset ecosystem, you can read the third chapter of the report.
Reference:
Proskalovich R., Jack C., Zarifis A., Serralde D.M., Vershinina P., Naidoo S., Njoki D., Pernice I., Herrera D. & Sarmiento J. (2023) ‘Cryptoasset ecosystem in Latin America and the Caribbean’, University of Cambridge - Cambridge Center for Alternative Finance (CCAF). Available from: https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/crypotasset-ecosystem-in-latin-america-and-the-caribbean/
CBDC initiatives in Latin America are not completely new. There has been effort to develop and implement them for some time. The first initiative to explore CBDCs was actually back in 2014 in Ecuador. Most countries in Latin America have expressed interest in CBDCs, however, the extent of the engagement varies greatly from (1) exploring the opportunity, to (2) having concluded a pilot project, or (3) launched a CBDC.
If you want to learn more about this important part of the cryptoasset ecosystem, you can read the third chapter of the report.
Reference:
Proskalovich R., Jack C., Zarifis A., Serralde D.M., Vershinina P., Naidoo S., Njoki D., Pernice I., Herrera D. & Sarmiento J. (2023) ‘Cryptoasset ecosystem in Latin America and the Caribbean’, University of Cambridge - Cambridge Center for Alternative Finance (CCAF). Available from: https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/crypotasset-ecosystem-in-latin-america-and-the-caribbean/