On February 11, think tank the Official Monetary and Financial Institutions Group Forum (OMFIF) and security technology firm Giesecke + Devrient Currency Technology released a survey of 34 central banks, finding that those with plans to introduce CBDCs are still moving forward with their plans, while about 31% of central banks have delayed implementing CBDCs. The main reasons for the delay include "concerns about regulatory and governance frameworks" and unforeseen "economic challenges taking precedence over CBDC work", the report said. "The development of legislation also depends in part on political will rather than the technical capabilities or policy decisions of central banks," the report added.