Study Claims Only 25% Of Australians Support CBDCs

A recent study conducted by Morning Consult revealed that the citizens of a number of developed nations are against issuing CBDCs.
Dot
October 24, 2022
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Anthony Albanese; Photo Source: RNZ
Morning Consult’s Survey report reads, “In developed markets where financial intermediaries provide ubiquitous and useful digital forms of both payment and stores of value, the demand for official digital fiat appears weaker.”

A recent study conducted by Morning Consult revealed that the citizens of several developed nations oppose issuing CBDCs.

According to the report, 40% of Australians are against issuing CBDCs.  A similar trend was observed in other developed nations such as Germany, France, Japan, and Canada. Japan, in particular, gave the least support for CBDCs out of all the countries.



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In 2020, the Reserve Bank of Australia announced its plans to launch its CBDC: the eAUD. The Bank will run tests on eAUD’s implementation in November 2022. It plans to finish a pilot for eAUD by mid-2023. 

Morning Consult also surveyed the percentage of citizens who claim crypto can impact financial stability. 

Its findings disclosed that a majority of adults in Argentina, Brazil, Columbia, and India claimed adopting crypto will increase economic stability.

Study Claims Only 25% Of Australians Support CBDCs

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Contents
Anthony Albanese; Photo Source: RNZ
Morning Consult’s Survey report reads, “In developed markets where financial intermediaries provide ubiquitous and useful digital forms of both payment and stores of value, the demand for official digital fiat appears weaker.”

A recent study conducted by Morning Consult revealed that the citizens of several developed nations oppose issuing CBDCs.

According to the report, 40% of Australians are against issuing CBDCs.  A similar trend was observed in other developed nations such as Germany, France, Japan, and Canada. Japan, in particular, gave the least support for CBDCs out of all the countries.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


In 2020, the Reserve Bank of Australia announced its plans to launch its CBDC: the eAUD. The Bank will run tests on eAUD’s implementation in November 2022. It plans to finish a pilot for eAUD by mid-2023. 

Morning Consult also surveyed the percentage of citizens who claim crypto can impact financial stability. 

Its findings disclosed that a majority of adults in Argentina, Brazil, Columbia, and India claimed adopting crypto will increase economic stability.

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

Morning Consult’s Survey report reads, “In developed markets where financial intermediaries provide ubiquitous and useful digital forms of both payment and stores of value, the demand for official digital fiat appears weaker.”

A recent study conducted by Morning Consult revealed that the citizens of several developed nations oppose issuing CBDCs.

According to the report, 40% of Australians are against issuing CBDCs.  A similar trend was observed in other developed nations such as Germany, France, Japan, and Canada. Japan, in particular, gave the least support for CBDCs out of all the countries.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


In 2020, the Reserve Bank of Australia announced its plans to launch its CBDC: the eAUD. The Bank will run tests on eAUD’s implementation in November 2022. It plans to finish a pilot for eAUD by mid-2023. 

Morning Consult also surveyed the percentage of citizens who claim crypto can impact financial stability. 

Its findings disclosed that a majority of adults in Argentina, Brazil, Columbia, and India claimed adopting crypto will increase economic stability.

Written by
Ayush Pande