Italy CBDC Tracker

CBDC Information

Economic Information

Monetary Base

$565,921,206,674

Cash Issued

$270,119,239,756

GDP

$2,010,430,000,000

Country Information

Freedom Rankings

Cato and Fraser Human Freedom Index:

7.95/10

Freedom House Index:

9/10

Reporters Without Borders Freedom Index:

7.2/10

The Bank of Italy launched a pilot project with the private sector, according to reporting in Fintech Global.

Italy is generally rated favorably, but there have been reports of issues around the treatment of human rights and civil liberties. However, most of those issues do not tie directly into the issuance or use of a CBDC. Furthermore, it must be said that the ability of the Italian government to abuse a CBDC directly is debatable because the CBDC that would be used in Italy would be provided by the European Central Bank—representing the European Union. With that said, it’s important to recognize that the creation of a CBDC could open the door to risks to financial privacy and financial freedom.

For additional information on concerns regarding violations of human rights and civil liberties, see the following reports by Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, and the U.S. Department of State. For additional information on concerns regarding the risks of CBDCs, see the following webpage and report by the Cato Institute: The Risks of CBDCs and Central Bank Digital Currency: Assessing the Risks and Dispelling the Myths.

For additional information regarding metrics, the methodology page explains each of the data points and provides their respective sources.