105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows

105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows

THELOGICALINDIAN - There are now 105 countries that are exploring axial coffer agenda currencies CBDCs Among them 50 countries are in an avant-garde appearance of agenda bill analysis development pilot or launch

105 Countries Are Exploring CBDCs

The Atlantic Council’s Geoeconomic Centre has appear a above update to its Central Bank Digital Currency (CBDC) Tracker. According to the tracker:

Furthermore, the tracker capacity that “10 countries accept absolutely launched a agenda currency, with China’s pilot set to aggrandize in 2023.”

Among the G20 countries, 19 are exploring a CBDC, with 16 already in the development or pilot stage. They accommodate South Korea, Japan, India, and Russia.

Last month, the Bank of International Settlements (BIS) appear a report advertence that 9 out of 10 axial banks globally are exploring CBDCs. The BIS said, “the actualization of stablecoins and added cryptocurrencies accept accelerated the assignment on CBDCs.”

Some countries are added advanced than others, such as China. The Chinese axial bank, the People’s Coffer of China (PBOC), has been actively testing and giving away its agenda yuan.

India is additionally actively alive on its agenda rupee. The Indian axial bank, the Reserve Coffer of India (RBI), said it will booty a “graded approach” to ablution a CBDC. The axial coffer is accepted to acquaint the agenda bill this banking year. This week, an RBI official declared that CBDCs could kill cryptocurrencies like bitcoin and ether.

What do you anticipate about 105 countries exploring CBDCs? Let us apperceive in the comments area below.

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