The central bank think tank OMFIF has unveiled the Digital Monetary Institute as a forum to bring together the private and public sectors to explore digital finance, including central bank digital currencies (CBDC).
Earlier this year, the organization published a joint survey with Ipsos MORI exploring consumer attitudes towards digital currencies issued by central banks and the private sector.
CBDC has become a more pressing priority for central banks, first with the unveiling of Libra by Facebook, and more recently with the challenges of distributing financial help to citizens during the COVID-19 crisis. This is in addition to the previous motivation to address the replacement of cash.
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