BIS report: 70% of central banks show interest in CBDC research, but few plan implementations

According to a new report published by the Bank for International Settlements (BIS), central bank digital currency (CBDC) research is on the rise. “Some 70% of respondents are currently (or will soon be) engaged in CBDC work”, claims the Swiss organization, whose survey included 63 banks worldwide.

Still, the number does not necessarily mean we should expect a preponderance to issue digital currencies anytime soon—only a few of the central banks have shown firm intentions to issue a CBDC within the next decade.

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