Recent changes in the money supply landscape like the rise of Cryptocurrencies like Bitcoin and also China pushing for broader use of its Digital Yuan soon  are forcing governments around the world to investigate about central bank [issued] digital currency (CBDC). In this work We want to analyse the level of understanding of CBDC, opportunities, risks, limitations and obstacles. We explore the pros cons and possibilities of implementing a central bank digital currency (CBDC) by highlighting the different levels of acceptance of a CBDC from four groups of stakeholders: Central Bankers, Bankers, Fintech and General Public. The result from our survey carried out during the month of February 2022 shows different concerns depending on the stakeholder, we can highlight: that Fintech, Digital Bankers and Bankers agree that digital currencies could lessen the risk of money laundering, Central Banks do not believe this. All groups agreed that credit card companies like Visa, Mastercard will lose up market share. Also, while Central Bankers believe that cutting off traditional banks from the supply of digital currency means that there is no multiplier effect in the economy, Bankers and people in Fintech and the general public do not believe so. From what we conclude that the creation of the CBDC is in good taste so long as all stakeholders are involved, and big issues such as privacy, and risk of it affecting the current financial system are kept in mind.
Gadi, Manoel F. A. Mr and Sicilia, Miguel Angel
"Central Bank Digital Currency Is Good As Long As All Stakeholders Are Involved,"
Journal of New Finance: Vol. 3:
1, Article 4.
Available at: https://jnf.ufm.edu/journal/vol3/iss1/4