Twenty-four CBDCs could be in circulation by 2030: BIS

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Twenty-four CBDCs could be in circulation by 2030: BIS
France Dernières Nouvelles,France Actualités
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The BIS carried out a survey of 86 central banks in 2022 regarding their involvement in central bank digital currencies.

All the countries that have already issued CBDCs so far are developing countries.

About 93% of the 86 central banks surveyed by BIS were working on CBDC projects, the survey reveals. Major economies such as India, the United Kingdom and European Union are considering creating digital versions of their currencies. According to the survey results, stablecoins and other crypto assets are rarely used for payments outside of the crypto ecosystem. The most common usages continue to be cross-border remittances and consumer purchases. The study reveals that central banks believe wholesale CBDCs could ease significant bottlenecks in cross-border payments.

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