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BIS report reveals strong interest in wholesale CBDC among central banks worldwide
The latest survey by the Bank for International Settlements (BIS) shows that 94% of central banks around the world are actively exploring central bank digital currencies (CBDCs), especially the development and pilot projects of wholesale CBDCs have increased sharply.
The research paper suggests that central banks are proceeding cautiously and taking diverse approaches to implementing and designing CBDCs.
The survey also found that central banks are actively exploring CBDCs, with a focus on maintaining the role of central bank money in the context of the rise of privately issued digital currencies. In addition, improving domestic payment efficiency, promoting financial inclusion, and improving cross-border payment systems are other important drivers.
The research paper suggests that central banks are proceeding cautiously and taking diverse approaches to implementing and designing CBDCs.
The survey also found that central banks are actively exploring CBDCs, with a focus on maintaining the role of central bank money in the context of the rise of privately issued digital currencies. In addition, improving domestic payment efficiency, promoting financial inclusion, and improving cross-border payment systems are other important drivers.
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