Increased interest of central banks around the world for digital currencies
A study by the Bank for International Settlements indicates that more and more central banks are interested in launching a CBDC
Central bank digital currencies, or CBDCs, are attracting increasing interest from the world’s central banks, according to a study by the Bank for International Settlements (BIS).
The study by the Swiss-based body was published on Monday. It is based on data collected through a survey conducted in late 2022 “to 86 central banks of countries representing 82 % of the world’s population and 94 % of global economic output.”
According to the BIS, 93 % of these banks reported having worked in “some form of central bank digital currency” last year. Added to this is the fact that at least more than 50 % of central banks are already working on specific developments or pilot projects.
The survey shows that by 2030 the world could have 15 retail and 9 wholesale CBDCs. “The BIS, which assists central banks around the world, adds that four central banks have already issued their own digital currencies, that of the Bahamas, the Eastern Caribbean, Jamaica and Nigeria.”
The rise in interest in central bank currencies is leveraged by the emergence of cryptocurrencies and stablecoins, as well as their rapid adoption around the world.
M.Pino
Source: bancaynegocios
(Reference image source: Shubham’s Web3, Unsplash)
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