24 central banks will introduce digital currencies by 2030


On Monday, the Bank for International Settlements (BIS) provided information that 24 central banks in both developing and advanced economies will introduce digital currencies by 2030.

A survey conducted by the BIS revealed that 93% of central banks are currently engaged in some form of central bank digital currency (CBDC) research, with 60% stating that the growth of stablecoins and other crypto-assets has accelerated their efforts.

Among significant events in this field, the Swiss National Bank announced at the end of June the launch of a pilot CBDC project on the Swiss digital exchange. The European Central Bank is also active in regard to the Digital Euro pilot project, planning its implementation by 2028.

In China, 260 million people are already participating in the pilot testing of a digital currency, while India and Brazil, two large developing economies, plan to introduce their own digital currencies next year

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