90% of surveyed central banks are exploring CBDCs — BIS

by Aurelia Butler 6 May 2022, 19:40 99 Views

In a paper released on Friday, the BIS Monetary and Economic Department said 90% of 81 central banks surveyed from October to December 2021 were “engaged in some form of CBDC work,” with 26% running pilots on CBDCs and more than 60% doing experiments or proofs-of-concept related to a digital currency. According to the BIS, the increase in interest around CBDCs — up from roughly 83% in 2020 — may have been driven by a shift to digital solutions amid the COVID-19 pandemic as well as the growth in stablecoins and other cryptocurrencies.

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Source: Cryptocurrency - investing.com

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90% of surveyed central banks are exploring CBDCs — BIS

Wild swing roil markets as hawkish Fed unleashes volatility

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