How Politics Hinder Central Bank Digital Currency (CBDC) Development and What to Do about It

Peterson K. Ozili ()
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Peterson K. Ozili: Central Bank of Nigeria, Abuja, Nigeria

Journal of Central Banking Theory and Practice, 2025, vol. 14, issue 1, 59-74

Abstract: The motivations and benefits of issuing a central bank digital currency (CBDC) are well known but the challenges faced by central banks in developing and issuing a CBDC have received less attention. To fill this gap, this article provides a succinct understanding of how politics hinder CBDC development. It presents the common arguments used by politicians to stifle CBDC development. It also suggests some ways to reduce political resistance towards CBDC development.

Keywords: CBDC; politics; central bank digital currency; resistance. (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:14:y:2025:i:1:p:59-74

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