Tu D.Q. Le, Son H. Tran, Dat Thanh Nguyen, Thanh Ngo
This study empirically examines factors affecting the different stages of CBDC adoption using a sample of 55 countries engaged in CBDC projects from 2014 to 2021. The findings indicate that anti-money laundering and terrorist financing and the financial market development, inflation and technological factors are critical determinants of CBDC adoption at different stages.
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