Exploring the prospects for digital currencies introduction by Central Banks

Subject. The article addresses the possibility of launching national digital currencies by central banks. Objectives. The study aims to identify factors of country's ecosystem that have a statistically significant impact on the introduction of digital currency. Methods. The calculations were performed by constructing econometric models (logit model, SVC model), using the Google Colab programming environment for two dependent variables characterizing the state of the digital currency implementation project. Results. The study confirmed the hypothesis about the impact of country's ecosystem on the introduction of digital currency. It also revealed that the following factors have a significant impact on this process: formal institutions, culture, interaction, demand, financing, and intermediary services. Conclusions. The findings can be used to develop strategies and policies for successful implementation and management of digital currencies by central banks.