ISO20022 and the Launch of CBDCs in the World.

The ISO 20022 data model is fundamental to the interoperability of central bank digital currencies (CBDCs). More than 100 countries are evaluating or designing CBDCs, and interoperability is essential for their adoption.

ISO20022 y la implementación CBDC

ISO 20022 provides a data model that enables transactions across a range of use cases. The basic messages in the standard can be tailored and reduced to serve specific use cases, such as cross-border payments or high-value settlement.

The G20 roadmap for improving cross-border payments also highlights the importance of harmonizing messages and adopting ISO 20022. However, further efforts are needed to achieve interoperability between systems, both at national and international levels.

As for the progress in CBDC implementation, several countries have launched pilot projects or announced plans to issue CBDCs. For example, the Bank of Japan has studied the applicability of the ISO 20022 standard to CBDC design.

In summary, ISO 20022 is key to CBDC interoperability, and its adoption is essential to achieving CBDC adoption on a global scale. Although progress has been made in the implementation of CBDCs, more efforts are needed to achieve interoperability between them, but the path is already under construction.