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Central Bank Digital Currencies Gaining Steam As 86% Of Global Central Banks Report They Are Exploring CBDCs
Summary: Central bank digital currencies are becoming a more popular idea as nations around the world are looking to capitalize on blockchain technology, a new report by the Bank for International Settlements stated. In its latest survey of CBDC development, the BIS shows that central banks representing roughly a fifth of the world’s population are set ...
Central bank digital currencies are becoming a more popular idea as nations around the world are looking to capitalize on blockchain technology, a new report by the Bank for International Settlements stated.
In its latest survey of CBDC development, the BIS shows that central banks representing roughly a fifth of the world’s population are set to launch a general purpose CBDC in the next three years, a figure based off primary consultations with more than 60 monetary authorities in late 2020.
The survey indicates that 86% of global central banks are actively exploring CBDCs. While the majority remain unlikely to issue a digital currency in the near future, a sizable minority are moving ahead. 14% of the banks surveyed are moving forward with development and pilot programs.
By Emily Mason
Tags: Bank of International Settlements,CBDC,Central Bank Digital Currency,Global Central Banks
Link: Central Bank Digital Currencies Gaining Steam As 86% Of Global Central Banks Report They Are Exploring CBDCs [Copy]
