Emerging market central banks keener to issue CBDCs – BIS

BIS survey shows central banks shifting emphasis from wholesale to retail CBDCs

bank-for-international-settlements

A survey from the Bank for International Settlements shows emerging markets may issue a general-purpose central bank-issued digital currency (CBDC) sooner than advanced economies.

Central banks have moved from “conceptual” research to a “significant majority” now looking to issue a CBDC “very soon”, the BIS says in its results published on January 23.

The BIS says every central bank that has moved to the development or pilot stage is in an emerging market. 

However, there has been a shift in

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