Most central banks are exploring central bank digital currencies (CBDCs), and more than a quarter of them are now developing or running concrete pilots.
This BIS paper updates earlier surveys that asked
central banks about their engagement in this area. The latest responses
from 81 central banks show that the Covid-19 pandemic and the emergence
of cryptocurrencies have accelerated the work on CBDCs. In addition,
this paper shows that more than two thirds of central banks are likely
to issue a retail CBDC in the short or medium term. Many are exploring a
CBDC ecosystem that involves private sector collaboration and
interoperability with existing payment systems.
Full paper
BIS
© BIS - Bank for International Settlements
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