Nearly a third of central banks have delayed their plans for central bank digital currencies (CBDCs) due to regulatory concerns and changing economic conditions, according to a survey by the Official Monetary and Financial Institutions Forum (OMFIF) and Giesecke+Devrient Currency Technology. Of the 34 central banks surveyed, 31% have postponed CBDC implementation primarily due to concerns surrounding regulatory frameworks and governance issues. Other factors contributing to the delays include unforeseen economic challenges and a lack of political will affecting legislation. The share of central banks inclined to issue a CBDC has decreased to 18%, down from 38% in 2022, while those less inclined increased significantly. Despite these setbacks, most central banks still anticipate launching a CBDC within the next ten years. Concerns about user privacy and technical challenges are increasingly significant, as the amount of personal data collected raises new issues within the context of CBDCs.

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