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Today is: 06/25/2024

Country Data

Legend:
[B&F] Estimated Number of Banks and Financial Institutions in the designated country.
[CBDC] Central Bank Digital Currency, uses an electronic record or digital token to represent the virtual form of a fiat currency of a particular nation (or region). A CBDC is centralized; it is issued and regulated by the competent monetary authority of the country.
[IMF] International Monetary Fund is an international financial institution, headquartered in Washington, D.C., consisting of 190 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on the World Bank for its resources.
[UN] United Nations, headquartered in New York, is an international organization of 193 member-states.
Country # of Banks & Financial Central Bank CBDC Status IMF Member UN Member
Zimbabwe24Reserve Bank of ZimbabweIn-Development lead by RBZ in partnership with Apollo Fintech to create a gold backed CBDC.YesYes
Yemen15Central Bank of YemenYemeni E-rial lead by CBYYesYes
West Bank0No information shared publically. No activity to report.NoNo
Wallis and Futuna4Overseas Issuing Institute as part of the CFPIn-Development lead by Sovereign Union and Apollo FintechNoNo
Venezuela41Central Bank of VenezuelaPetro backed by oil reserves lead by CBVYesYes
Vanuatu11Reserve Bank of VanuatuIn-Development lead by Sovereign Union and Apollo FintechYesYes
Uruguay11Central Bank of Uruguaye-Peso lead by BCUYesYes
United Kingdom300Bank of EnglandIn-DevelopmentYesYes
United Arab Emirates61Central Bank of the United Arab EmiratesProject Aber lead by UAE using DLTYesYes
Uganda31Bank of UgandaCurrently, working with Kaspa (KAS) to develop its own CBDC.YesYes
Tuvalu0no central bank; uses the Australian dollar as its domestic currencyIn-Development lead by Sovereign Union and Apollo FintechYesYes
Turkmenistan11Central Bank of TurkmenistanNo information shared publically. No activity to report.YesYes
Turkey53Central Bank of the Republic of TurkeyDigital Lira in-development lead by CBoRoTYesYes
Tokelau0In-Development lead by Sovereign Union and Apollo FintechNoNo
Togo10Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
Timor-Leste5Banco Central de Timor-LesteNo information shared publically. No activity to report.YesYes
Tanzania62Bank of TanzaniaNo. Does not favor Bitcoin or digital currencies.YesYes
Tajikistan17National Bank of TajikistanNo. Does not favor Bitcoin or digital currencies.YesYes
Switzerland246Swiss National BankDigital Franc lead by SNB was cancelled, no further developmentYesYes
Sweden125Sveriges Riksbanke-krona lead by Riksbank using Accenture & DLT with underlying technology built on R3s Corda system.YesYes
Swaziland0No information shared publically. No activity to report.YesNo
Suriname9Central Bank of SurinameIn-Development lead by CBS in partnership with Asia Digital Currency LimitedYesYes
Sudan34Central Bank of SudanNo information shared publically. No activity to report.YesYes
South Africa22South African Reserve BankProject Khokha 2 lead by IFWG using DLTYesYes
Slovenia17Bank of SloveniaDigital Euro lead by ECB using DLTYesYes
Slovakia27National Bank of SlovakiaDigital Euro lead by ECB using DLTYesYes
Sierra Leone14Bank of Sierra LeoneNo information shared publically. No activity to report.YesYes
Seychelles5Central Bank of SeychellesNo information shared publically. No activity to report.YesYes
Senegal20Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
San Marino9Central Bank of the Republic of San MarinoNo information shared publicly. No activity to report.YesYes
Samoa4Central Bank of SamoaIn-Development lead by Sovereign Union and Apollo FintechYesYes
Saint Vincent and the Grenadines3Eastern Caribbean Central BankDXCD lead by ECCUYesYes
Saint Kitts and Nevis10Eastern Caribbean Central BankDXCD lead by ECCU and another project Dcash lead by Eastern Caribbean Central Bank (ECCB) created by fintech company Bitt.YesYes
Rwanda15National Bank of RwandaIn-Development lead by NBRYesYes
Reunion0No information shared publically. No activity to report.NoNo
Qatar11Qatar Central BankIn-Development lead by Qatar Financial Centre (QFC)YesYes
Puerto Rico43no central bank; uses the United States dollar as its domestic currencyDcash lead by Eastern Caribbean Central Bank (ECCB) created by fintech company Bitt.NoNo
Portugal148Bank of PortugalDigital Euro lead by ECB using DLTYesYes
Poland568National Bank of PolandIn-Development lead by NBP and Polish-UK fintech Fluency in collaboration with the ECB utilizing DLTYesYes
Peru16Central Reserve Bank of Perue-Peso lead by BCP with joint effort from UruguayYesYes
Paraguay11Central Bank of ParaguayCurrently under research, no developmentYesYes
Papua New Guinea4Bank of Papua New GuineaIn-Development lead by Sovereign Union and Apollo FintechYesYes
Panama62no central bank; uses the United States dollar as its domestic currencyNo information shared publicly. No activity to report.YesYes
Palau5no central bank; uses the United States dollar as its domestic currencyIn-Development lead by Sovereign Union and Apollo FintechYesYes
Oman17Central Bank of OmanNo. Does not favor Bitcoin or digital currencies.YesYes
Niue0In-Development lead by Sovereign Union and Apollo FintechNoNo
Nigeria33Central Bank of NigeriaNo information shared publically. No activity to report.YesYes
Niger10Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
Nicaragua11Central Bank of NicaraguaNo information shared publically. No activity to report.YesYes
New Zealand27Reserve Bank of New ZealandIn-Development lead by Sovereign Union and Apollo FintechYesYes
Netherlands50De Nederlandsche BankDigital Euro lead by ECB using DLTYesYes
Mozambique40Bank of MozambiqueNo. Does not favor Bitcoin or digital currencies.YesYes
Morocco19Bank Al-MaghribCurrently under research for possible Digital Dirham, no developmentYesYes
Mongolia13Bank of MongoliaDigital Currency lead by the BoM code-named CandyYesYes
Monaco35no central bank; uses the euro as its domestic currencyDigital Euro lead by ECB using DLT under consideration.NoYes
Mexico101Bank of MexicoDigital Peso in-development by Banxico using DLTYesYes
Mauritius20Bank of MauritiusIn-Development by BoM in conjunction with the IMF.YesYes
Mauritania14Central Bank of MauritaniaNo information shared publically. No activity to report.YesYes
Malta26Central Bank of MaltaDigital Euro lead by ECB using DLTYesYes
Mali26Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
Maldives5Maldives Monetary AuthorityNo. Does not favor Bitcoin or digital currencies.YesYes
Malaysia27Central Bank of MalaysiaCurrently under research, no developmentYesYes
Madagascar11Central Bank of MadagascarProject e-Ariary lead by CBMYesYes
Macau27Monetary Authority of MacaoCurrently under research, no developmentNoNo
Lithuania85Bank of LithuaniaDigital Euro lead by ECB using DLTYesYes
Liechtenstein15National Bank of LiechtensteinCurrently under research, no developmentNoYes
Lesotho5Central Bank of LesothoNo information shared publically. No activity to report.YesYes
Latvia16Bank of LatviaDigital Euro lead by ECB using DLTYesYes
Laos44Bank of the Lao Peoples Democratic RepublicNo, looks for total ban on crypto currencies.YesYes
Gambia12Central Bank of The GambiaNo information shared publically. No activity to report.YesYes
Gabon18Bank of Central African StatesCurrently under research, no developmentYesYes
Finland17Bank of FinlandDigital Euro lead by ECB using DLTNoYes
France340Bank of FranceDigital Euro lead by ECB using DLTYesYes
French Guiana10Bank of FranceDigital Euro lead by ECB using DLTNoNo
Ethiopia17National Bank of EthiopiaCurrently under research, no developmentYesYes
Equatorial Guinea1Bank of Central African StatesCurrently under research, no developmentNoYes
Eritrea3Bank of EritreaNo information shared publically. No activity to report.YesYes
Kyrgyzstan335National Bank of the Kyrgyz RepublicCurrently under research, no developmentYesYes
Egypt40Central Bank of EgyptIn-Development lead by CBEYesYes
Korea, North10Central Bank of the Democratic Peoples Republic of KoreaNo information shared publically. No activity to report.NoYes
Korea, South148Bank of KoreaDigital Won lead by Shinhan Bank with LG CNS, distributed to BOK.YesYes
Kiribati1no central bank; uses the Australian dollar as its domestic currencyIn-Development lead by Sovereign Union and Apollo FintechYesYes
Dominican Republic17Eastern Caribbean Central BankDXCD lead by ECCUYesYes
Denmark63Danmarks NationalbankE-kroner was cancelled after research, no further developmentYesYes
Dhekelia0No information shared publically. No activity to report.NoNo
Djibouti12Central Bank of DjiboutiNo information shared publically. No activity to report.YesYes
Cyprus30Central Bank of CyprusDigital Euro lead by ECB using DLTYesYes
Kenya42Central Bank of KenyaIn-Development lead by CBKYesYes
Colombia25Bank of the RepublicNo information shared publically. No activity to report.YesYes
Comoros17Central Bank of the ComorosNo information shared publically. No activity to report.YesYes
Congo18Bank of Central African StatesCurrently under research, no developmentYesYes
Costa Rica29Central Bank of Costa RicaNo information shared publically. No activity to report.YesYes
Kazakhstan160National Bank of KazakhstanIn-DevelopmentYesYes
Jordan25Central Bank of JordanCurrently under research, no developmentYesYes
Central African Republic5Bank of Central African StatesCurrently under research, no developmentYesYes
Cape Verde9Bank of Cape VerdeNo information shared publically. No activity to report.YesYes
Cayman Islands158Cayman Islands Monetary AuthorityCurrently under research, no developmentNoNo
Burkina Faso1Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
Jersey55No information shared publically. No activity to report.NoNo
Jan Mayen0No information shared publically. No activity to report.NoNo
Japan200Bank of JapanIn-DevelopmentYesYes
Bosnia and Herzegovina26Central Bank of Bosnia and HerzegovinaSand Dollar lead by CBoBYesYes
Botswana10Bank of BotswanaNo information shared publically. No activity to report.YesYes
Brazil5Central Bank of BrazilDigital Real lead by BCB using the Pix networkYesYes
British Indian Ocean Territory0No information shared publically. No activity to report.NoNo
Belize5Central Bank of BelizeNo information shared publically. No activity to report.YesYes
Benin13Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
Bermuda4Bermuda Monetary AuthorityDigital Bermuda Dollar in-development lead by Bidali.NoNo
Jamaica9Bank of JamaicaIn-Development by BoJ in collaboration with Fintech Regulatory SandboxYesYes
Italy580Bank of ItalyDigital Euro lead by ECB using DLTYesYes
Israel10Bank of IsraelDigital Shekel currently under research, no developmentYesYes
Isle of Man18No information shared publically. No activity to report.NoNo
Ireland64Central Bank of IrelandDigital Euro lead by ECB using DLTYesYes
Austria700Austrian National BankDigital Euro lead by ECB using DLTNoYes
Azerbaijan30Central Bank of AzerbaijanNo, does not favor Bitcoin or digital currencies, but is developing a digital ID with expansion of digital payments.YesYes
Bahamas400Central Bank of The BahamasSand Dollar lead by CBoBYesYes
Argentina62Central Bank of ArgentinaDigital Peso under research lead by the BCRA in partnership with IOV Labs utilizing the Bitcoin networkYesYes
Armenia17Central Bank of ArmeniaDoes not favor Bitcoin or digital currencies, but does favor blockchain technology. The CBA along with German KfW Bank is researching a possible join venture into a CBDC.YesYes
Iraq54Central Bank of IraqIn-Development lead by the Central Bank of Iraq in partnership with Mastercard which utilizes DLT and ILP technologies.YesYes
Iran42Central Bank of the Islamic Republic of IranIn-Development lead by CBIYesYes
Indonesia1640Bank of IndonesiaDigital Rupiah lead by BoIYesYes
Iceland8Central Bank of IcelandRafkrona lead by CBIYesYes
India91Reserve Bank of IndiaIn-Development lead by RBIYesYes
Hungary13Hungarian National BankNo. Does not favor Bitcoin.YesYes
Hong Kong191Hong Kong Monetary AuthorityIn-Development lead by HKMA in partnership with ConsenSys using DLTNoNo
Honduras22Central Bank of HondurasNo information shared publically. No activity to report.YesYes
Haiti9Bank of the Republic of HaitiDigital Haitian Gourde lead by BRH with an invite to Bitt Inc.YesYes
Guyana8Bank of GuyanaNo information shared publically. No activity to report.NoYes
Guinea-Bissau4Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
Guinea6Central Bank of the Republic of GuineaNo information shared publically. No activity to report.YesYes
Guernsey24No information shared publically. No activity to report.NoNo
Guatemala16Bank of GuatemalaNo. Does not favor Bitcoin or digital currencies.YesYes
Guam8In-Development lead by Sovereign Union and Apollo FintechNoNo
Guadeloupe7No information shared publically. No activity to report.NoNo
Grenada15Eastern Caribbean Central BankDXCD lead by ECCU and another project Dcash lead by Eastern Caribbean Central Bank (ECCB) created by fintech company Bitt.YesYes
Greenland2No information shared publically. No activity to report.NoNo
Georgia225National Bank of GeorgiaCurrently under research, no developmentYesYes
Germany1800Deutsche BundesbankDigital Euro lead by ECB using DLTYesYes
Ghana28Bank of GhanaIn-Development lead by BoGYesYes
Gibraltar8No information shared publically. No activity to report.NoNo
Greece15Bank of GreeceDigital Euro lead by ECB using DLTYesYes
Zambia19Bank of ZambiaNo. Does not favor Bitcoin or digital currencies.YesYes
Western Sahara0No information shared publically. No activity to report.NoNo
Virgin Islands6No information shared publically. No activity to report.NoNo
Vietnam5State Bank of VietnamakaChain project lead by SBV to serve as a digital ID platformYesYes
Uzbekistan32Central Bank of the Republic of UzbekistanNo information shared publically. No activity to report.YesYes
United States5177Federal ReserveIn-DevelopmentYesYes
Ukraine117National Bank of Ukrainee-hryvnia lead by NBU using Stellar XLMYesYes
Tunisia42Central Bank of Tunisiae-Dinar lead by BCT partnered with Monetas, DigitUs and Universa (Russian startup)YesYes
Trinidad and Tobago8Central Bank of Trinidad and TobagoCurrently under research, no developmentYesYes
Tonga3National Reserve Bank of TongaIn-Development lead by Sovereign Union and Apollo FintechYesYes
Thailand76Bank of ThailandIn-Development lead by BoT using DLT in collaboration with R3YesYes
Taiwan37Central Bank of the Republic of China (Taiwan)In-Development with CBT using DLTNoNo
Syria18Central Bank of SyriaNo information shared publically. No activity to report.YesYes
Svalbard0No information shared publically. No activity to report.NoNo
Sri Lanka23Central Bank of Sri LankaNo. Does not favor Bitcoin or digital currencies.YesYes
Spain115Bank of SpainDigital Euro lead by ECB using DLTYesYes
Somalia2Central Bank of SomaliaNo information shared publically. No activity to report.YesYes
Singapore123Monetary Authority of SingaporeProject Ubin lead by MAS using DLT. MAS has collaborated with JP Morgan and Singaporean investment company Temasek on the project, and has tested the technology with more than 40 companies.YesYes
Serbia and Montenegro30National Bank of SerbiaNo information shared publically. No activity to report.YesYes
Saudi Arabia30Saudi Arabian Monetary AuthorityProject Aber lead by UAE using DLTYesYes
Sao Tome and Principe10Central Bank of Sao Tome and PrincipeNo information shared publicly. No activity to report.YesYes
Saint Pierre and Miquelon3No information shared publically. No activity to report.NoNo
Saint Lucia7Eastern Caribbean Central BankDXCD lead by ECCU and another project Dcash lead by Eastern Caribbean Central Bank (ECCB) created by fintech company Bitt.YesYes
Saint Helena3No information shared publically. No activity to report.NoNo
Russia357Central Bank of RussiaDigital Ruble lead by CBR using DLTYesYes
Romania35National Bank of RomaniaNo CBDC will be developed but does see value in the World Economic Forum report using DLTYesYes
Philippines626Bangko Sentral ng PilipinasIn-Development lead by PCBYesYes
Pakistan73State Bank of PakistanIn-Development lead by SBPYesYes
Norway122Norges BankCurrently under research, no developmentYesYes
New Caledonia4Overseas Issuing Institute as part of the CFPIn-Development lead by Sovereign Union and Apollo FintechNoNo
Nepal155Nepal Rastra BankSAARCoin project lead by NRBYesYes
Nauru0no central bank; uses the Australian dollar as its domestic currencyIn-Development lead by Sovereign Union and Apollo FintechYesYes
Namibia8Bank of NamibiaNo, Bitcoin purchases are illegal under law.YesYes
Montserrat2Eastern Caribbean Central BankDXCD lead by ECCUNoNo
Moldova12National Bank of MoldovaIn-Development lead by DTMA using DLTYesNo
Micronesia0no central bank; uses the United States dollar as its domestic currencyIn-Development lead by Sovereign Union and Apollo FintechYesYes
Mayotte1No information shared publically. No activity to report.NoNo
Martinique10No information shared publically. No activity to report.NoNo
Malawi5Reserve Bank of MalawiNo. Does not favor Bitcoin or digital currencies.YesYes
Macedonia18No information shared publically. No activity to report.YesNo
Luxembourg144Central Bank of LuxembourgDigital Euro lead by ECB using DLTYesYes
Libya10Central Bank of LibyaNo information shared publically. No activity to report.YesYes
Liberia10Central Bank of LiberiaNo. Does not favor Bitcoin or digital currencies.YesYes
Lebanon14Banque du LibanIn-Development lead by BLYesYes
Gaza Strip0No information shared publically. No activity to report.NoNo
French Polynesia11Bank of FranceIn-Development lead by Sovereign Union and Apollo FintechNoNo
Fiji7Reserve Bank of FijiIn-Development lead by Sovereign Union and Apollo FintechYesYes
Estonia16Bank of EstoniaDigital Euro lead by ECB using DLTYesYes
Kuwait11Central Bank of KuwaitNo information shared publically. No activity to report.YesYes
El Salvador28Central Reserve Bank of El SalvadorE-Money lead by El Salvador CRBYesYes
Ecuador22Central Bank of EcuadorCurrently under research, no developmentYesYes
Dominica17Eastern Caribbean Central BankDXCD lead by ECCUYesYes
Czech Republic46Czech National BankNo information shared publically. No activity to report.YesYes
Croatia28Croatian National BankCurrently under research looking into DLT, no development at this moment.YesYes
Cuba2Central Bank of CubaCurrently under research, no developmentYesYes
Cote d Ivoire130Central Bank of West African StateseCFA lead by WAEMU in partnership with eCurrency Mint Limited using DSC3 technology - issued by the Banque Regionale de Marches (BRM).YesYes
China4607Peoples Bank of ChinaDigital Yuan (DC/EP) lead by PBoCYesYes
Chile35Central Bank of ChileIn-Development lead by BCCYesYes
Chad9Bank of Central African StatesCurrently under research, no developmentYesYes
Cambodia40National Bank of CambodiaProject Bakong lead by NBC using DLTYesYes
Cameroon19Bank of Central African StatesCurrently under research, no developmentYesYes
Canada88Bank of CanadaProject Jasper lead by BoC using DLTYesYes
Burundi10Bank of the Republic of BurundiNo. Does not favor Bitcoin or digital currencies.YesYes
Burma31Central Bank of MyanmarNo. Bitcoin is banned and any other digital coin.YesNo
Bulgaria25Bulgarian National BankNo. Does not favor Bitcoin or digital currencies.YesYes
Brunei7Monetary Authority of Brunei DarussalamNo. Does not favor Bitcoin or digital currencies.YesYes
British Virgin Islands6No information shared publically. No activity to report.NoNo
Bhutan5Royal Monetary Authority of BhutanCurrently under research, no developmentYesYes
Bolivia51Central Bank of BoliviaBitcoin is banned and any other digital coin not regulated or issued by the CBB.YesYes
Bassas da India0No information shared publically. No activity to report.NoNo
Belarus24National Bank of the Republic of BelarusIn-Development lead by the national bank along with Belarusian-Swiss Bank and Belarusbank.YesYes
Belgium85National Bank of BelgiumDigital Euro lead by ECB using DLTYesYes
Bangladesh57Bangladesh BankNo. Does not favor Bitcoin or digital currencies.YesYes
Barbados30Central Bank of BarbadosDigital Barbadian Dollar lead by Bitt Inc, pegged to the Barbadian Dollar.YesYes
Bahrain114Central Bank of BahrainIn-Development with JPMorgan Onyx and Liink utilizing DLTYesYes
Australia53Reserve Bank of AustraliaeAUD lead by RBA in partnership with ConsenSys using DLTYesYes
Aruba6Central Bank of ArubaCurrently under research, no developmentNoNo
Anguilla1Eastern Caribbean Central BankDXCD lead by ECCUNoNo
Antarctica0Non-existantNoNo
Antigua and Barbuda8Eastern Caribbean Central BankDXCD lead by ECCU and another project Dcash lead by Eastern Caribbean Central Bank (ECCB) created by fintech company Bitt.YesYes
Angola26National Bank of AngolaCurrently under research, no developmentYesNo
Algeria22Bank of AlgeriaNo, looks for total ban on crypto currencies.YesYes
American Samoa4No. Does not favor Bitcoin or digital currencies.NoNo
Andorra14no central bank; uses the euro as its domestic currencyCurrently under research through Digital Currency Summits with the financial elite.NoYes
Akrotiri0No information shared publically. No activity to report.NoNo
Albania12Bank of AlbaniaNo. Does not favor Bitcoin or digital currencies.YesYes
Afghanistan12Da Afghanistan BankNo information shared publically. No activity to report.YesYes
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