Most central banks are exploring central bank digital currencies (CBDCs), and their work continues apace amid the Covid-19 pandemic.
This
BIS paper updates earlier surveys that asked central banks how their
plans in this area are developing. The latest responses show that as a
whole, central banks are progressing from conceptual research to
practical experimentation. In addition, the paper highlights that while
most have no plans to issue CBDCs in the foreseeable future, central
banks collectively representing a fifth of the world's population are
likely to launch retail CBDCs in the next three years. The Covid19
pandemic has added new motivations to this journey.
Full paper
BIS
© BIS - Bank for International Settlements
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