Jurisdictions Where Retail CBDC Is Being Explored

There are 94 central banks (no change since end-May) that have recently issued, piloted, experimented with and/or researched retail central bank digital currency (#CBDC) not including two that started issuing retail CBDC and then shut the platforms down (Ecuador and Finland). The highlighted central banks indicate updates since the last time I posted the tabulation. If I’m missing anything, or you find mistakes in the tabulation, please let me know in the comments!

Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So for any of you out there who work for a central bank, ministry of finance or international financial institution who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at chronicles@kiffmeister.com.

The Sovereign Official Digital Association (SODA) is a technology-agnostic firm offering advisory services at the intersection of central banking, digital finance and the web3 industry, aiming to make public digital money a reality. SODA believes institutions in the existing financial ecosystem should have access to the tools and resources they need to move from discussion to action. SODA offers ‘real life’ use cases to help test digital money and drive adoption as central banks and other public institutions explore the future of a more financially inclusive world powered by interoperable blockchain-based networks. SODA would love you to join us on this journey – please get in touch (chris@sodapublicmoney.org).

Satoshi Capital Advisors is a New York-based, global advisory firm that works with central banks, governments, and the private sector to architect, implement, and operate varying initiatives. Satoshi Capital Advisors’ central bank work revolves around CBDC architecture and implementation, providing advisory services from research phase through to growth phase. Utilizing a product-market fit and technology agnostic approach to CBDC architecture and implementation enables Satoshi Capital Advisors to build tailored solutions, bespoke to local financial system nuances. Satoshi Capital Advisors welcomes requests from central bank officials for virtual and in-person CBDC workshops. [Click here for more information]

WhisperCash offers the first fully offline digital currency platform that has the same properties as physical cash. It can perform secure consecutive offline payments without compromising on security, privacy or accessibility. WhisperCash allows direct person to person offline payments without any server infrastructure or internet connectivity. It comes in various form factors including the self-contained credit card-sized “Pro” that sports an eInk screen and capacitive keyboard, and lasts for two weeks between recharges assuming a few transactions per day. [Click here for more information]

Jurisdictions Where Wholesale CBDC Is Being Explored

There 17 central banks that are (or recently have been) experimenting with wholesale central bank digital currency (CBDC). Please keep in mind that I only tabulate efforts that are publicly announced by the central banks themselves or other credible sources. Plus, I don’t “double count” countries in currency zones, so I count all Eurozone countries as one, because the European Central Bank is the sole issuer of a potential digital euro, even though individual Eurozone central banks (e.g., Banque de France and Oesterreichische Nationalbank) are leading research efforts. But if I’m missing anything, or you find mistakes in the tabulation, please let me know in the comments!