A Changing World: Central Bank Digital Currencies Take Over the World 🎉🎉

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Central Bank Digital Currencies (CBDCs) have become an accelerating global trend, with 134 countries studying the issuance of digital currencies for their central banks.

*Central Bank Digital Currencies: An Accelerating Global Trend*

- *Global Spread*: 134 countries and monetary unions are studying the issuance of central bank digital currencies, representing 98% of the global GDP.

- *Notable Countries*:

- China: The digital yuan (e-CNY) is the largest in the world, with transaction volumes reaching $986 billion in June 2024.

- G20 Countries: All are exploring the issuance of central bank digital currencies.

- BRICS Countries: Experiments are being conducted on central bank digital currencies.

- European Countries: Testing of central bank digital currencies is underway.

- *Wholesale Cross-Border Central Bank Digital Currency Projects*:

- "mBridge" Project: Connects banks in China, Thailand, the UAE, Hong Kong, and Saudi Arabia.

- 13 projects for wholesale cross-border central bank digital currency trading.