According to a new research from the Bank of International Settlements, over 90% of national central banks aim to provide their own central bank digital currencies (CBDC) to the general public (BIS). In the autumn of 2021, the BIS polled 81 central banks on their involvement in CBDC work, as well as their motives and plans for CBDC issuance. According to the research, a record number of banks are working on CBDC in “some form,” with a growing number in the “advanced phases” of investigating digital currency. “Central banks actively involved in some sort of CBDC activities increased to 90% in the last year,” the authors said. “According to the survey results, central banks are particularly interested in retail CBDCs: all central banks working on CBDCs either look at wholesale and retail, or focus primarily on a retail CBDC.” Sixty-two … Continue reading Central Banks Worldwide Are Planning To Launch A Digital Currency.