LONDON : Some two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday. Central banks around the globe have been studying and working on
LONDON : Some two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements found in a survey published on Monday.
On the wholesale side, which in future could allow financial institutions to access new functionalities thanks to tokenisation, nine central banks could launch CBDCs, the BIS said. The BIS also said that the share of central banks in its survey engaged in some form of CBDC had risen to 93 per cent, with 60 per cent saying the emergence of stablecoins and other cryptoassets had accelerated their work.
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