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Global CBDC Projects Surge, with 93% of Banks Engaged in CBDC Development

The 2023 PwC Global Central Bank Digital Currency (CBDC) Index and Stablecoin Overview report reveals that 93% of central banks are now engaged in the development of CBDCs, with nearly 20% expected to issue a digital currency shortly. The Bahamas, Jamaica, and Nigeria have fully launched retail CBDCs to date. India leads the digital rupee development, anticipated to fully launch its CBDC in 2024, while Ukraine and Russia are actively progressing with their respective CBDC projects​​.

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