Chinese, Indian investors Support CBDC
The Chartered Financial Analyst Institute surveyed its members on their understanding of Central bank digital currencies saying it wanted to look into the demand side of financial technology.
The survey pioneered a lot of opinions based on the location and age of the participants.
47% of respondents said they had a moderate understanding of CBDCs and 42% said they believed that central banks should launch digital versions of fiat currencies although 24% participants had no opinion.
Investors in the United States, on the other hand, voiced less support for a CBDC launch, at 31%, compared to 37% in developed countries overall.
Furthermore, in emerging markets, support averaged 61%, with India reaching 66% and China reaching 70%.
Bankers were more supportive than asset managers. CBDC was supported by 50% of commercial bankers and 51% of investment bankers.
(With inputs from Shikha Singh)
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