A Global Look at Central Bank Digital Currencies

Modern digital financial innovations – namely the rise of electronic money (e-money) – have brought to light deficiencies in existing money and payment systems. Furthermore, the emergence of crypto assets and private stablecoins, particularly Bitcoin in 2008 and Libra in 2019, have sparked intense debate around the role and authority of central banks; some are even speculating on a coming financial paradigm shift worldwide.

This white paper, which was commissioned by KPMG and Blockset, and in collaboration with HashKey Capital, examines the growing body of CBDC literature across central banks and international organizations, in conjunction with interviews The Block Research conducted with various stakeholders, to present the global view on central bank digital currencies today: exploring the history, motivations, early technical designs and implementations of the world’s most advanced CBDC proposals.


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Ryan Todd is a research analyst at The Block where he focuses on the convergence of fintech and digital assets. Previously he worked at Deutsche Bank as an equity analyst covering consumer finance and payments companies, and also spent time at ConsenSys exploring the broader Ethereum ecosystem. Ryan holds a BS in Economics and Accounting/Finance from Florida State University, and MS Finance from Vanderbilt University.