Survey: Most Financial Professionals Do Not Support Central Bank Digital Currency (CBDC) Launch

Odaily Planet Daily News The CFA Institute conducted a survey of its 90,000 members worldwide and found that only 42% of the members support the central bank's launch of its own digital currency, 34% of the members oppose it, and 24% of the members have no opinion. One possible reason for lack of support is lack of knowledge. The same survey found that 40% of respondents knew little or nothing about CBDCs, while only 12% claimed to know a lot. The study also asked respondents to name their reasons for and against the introduction of a CBDC. Data privacy and lack of use cases were cited as major objections by 50% and 40% of respondents, respectively. 58% of respondents see reduced currency and settlement risks as the top benefit of CBDC.