Recent Central Bank Digital Currency Developments in Asia and Their Implications
Download or Read eBook Recent Central Bank Digital Currency Developments in Asia and Their Implications PDF written by Asian Development Bank and published by Asian Development Bank. This book was released on 2023-08-01 with total page 158 pages. Available in PDF, EPUB and Kindle.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 158 |
Release | : 2023-08-01 |
ISBN-10 | : 9789292702816 |
ISBN-13 | : 9292702815 |
Rating | : 4/5 (16 Downloads) |
Book Synopsis Recent Central Bank Digital Currency Developments in Asia and Their Implications by : Asian Development Bank
Book excerpt: This publication analyzes the evolution of Central Bank Digital Currencies (CBDC) in Asia and the Pacific, assesses their potential risks and technical challenges, and explores their potential to improve cross-border payments and financial inclusion. Ahead of the launch of any large-scale Asian CBDC, it details various models and explores how Cambodia, the People’s Republic of China, Singapore, and Thailand are taking the lead. Outlining global developments and emerging trends, it shows why a robust digital infrastructure, strong public-private collaboration, and fintech literacy are central to ensuring CBDCs help drive the transition to a digital economy.