A survey took up what investors think about the CBDC.
CBDC discussions have been on the rise lately. However, governments continue to take steps regarding CBDCs. Based on this, a company conducted a poll on the subject and conducted a public opinion poll.
CBDC survey results shared with the community
The CFA Institute conducted a survey of its members around the world to understand their thoughts on CBDC. According to the survey results, Chinese and Indian investment professionals showed strong support for CBDC.
According to the survey results, 47 percent of respondents expressed a moderate understanding of CBDCs. 42 percent believed that central banks should introduce digital versions of their fiat currencies. Support rates differed in developed and emerging markets.
Only 31 percent of investment professionals in the United States supported the CBDC launch. However, in general, the support rate in developed markets was 37 percent. In emerging markets, the support rate was 61 percent, while it rose to 66 percent in India and 70 percent in China.
The most common reason investors support CBDCs is the possibility of expedited payments and transfers. For this reason, it was the most supported reason with a rate of 58 percent. A somewhat cryptic proposition that central authorities should play a central role in the development of cryptocurrencies was second with 30 percent. Privacy, on the other hand, was the most common reason for objections, with 50 percent of the responses included.
Overall, 40 percent of respondents consider CBDC to be a use-deficit condition. Only 10 percent thought a CBDC would be detrimental to banks. On the subject of financial inclusion, the answers differed. Forty-six percent of respondents felt that a CBDC would have little or no impact on financial inclusion. In contrast, in China and India, there was a clear majority that thought CBDC would improve participation. Therefore, regional differences among responses were evident, with US respondents having the lowest rate of support for CBDC.
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