Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS
Cointelegraph
Published Jan 27, 2021 03:00PM ET
Updated Jan 27, 2021 04:40PM ET
Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements.
In its latest survey of CBDC development, the BIS shows that central banks representing roughly a fifth of the world’s population are set to introduce a “general purpose CBDC in the next three years.”
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Written By: Cointelegraph
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