A recent survey by the Bank for International Settlements (BIS) found that 94% of central banks are exploring the creation of a central bank digital currency (CBDC). This represents a significant increase from the 90% reported in a 2021 survey. The survey also highlighted a preference for issuing a wholesale CBDC for institutions first, before considering a retail CBDC for public use. The BIS states that more than half of central banks are considering limits on retail CBDC holdings, interoperability, offline options, and zero remuneration. While stablecoins are gaining traction, they are still rarely used for payments outside the crypto ecosystem. This shift towards CBDCs indicates a growing interest in digital currencies within the global financial system.

Coindesk•1 year ago•
4150
Central Banks Are Embracing Digital Currencies: BIS Survey Reveals 94% Exploring CBDCs
CBDC
CentralBanks
BIS
DigitalCurrency
FinancialSystem
Share this content:
Summary:
94% of central banks are exploring a central bank digital currency (CBDC), according to a recent BIS survey.
The survey found a higher likelihood of issuing a wholesale CBDC for institutions before a retail CBDC for the public.
Central banks are considering factors like holding limits, interoperability, offline options, and zero remuneration for retail CBDCs.
Stablecoins are not widely used for payments outside the crypto ecosystem.
The increasing interest in CBDCs suggests a growing importance of digital currencies within the global financial system.
Newsletter
Subscribe our newsletter to receive our daily digested news
Join our newsletter and get the latest updates delivered straight to your inbox.

BitcoinToday.app
Get BitcoinToday.app on your phone!
Other Latest News
Unlock the Future of Crypto Mining with MintMiner and Coinbase: Safe, Reliable, and Profitable
10 hours ago•
950

Bitcoin Surges Past $109,000 as Trump's Tariff Delay Sparks Market Optimism
17 hours ago•
820

Bitcoin, Dogecoin, and XRP Surge as U.S. Hints at Imminent Trade Deals Before Critical Deadline
1 day ago•
920

Bitcoin's Next Big Leap: Why Experts Predict a Record-Breaking Second Half
1 day ago•
960

Secret Service Strikes Big: $400M in Crypto Recovered from Criminals
2 days ago•
890
Other Latest News
Unlock the Future of Crypto Mining with MintMiner and Coinbase: Safe, Reliable, and Profitable
10 hours ago•
950

Bitcoin Surges Past $109,000 as Trump's Tariff Delay Sparks Market Optimism
17 hours ago•
820

Bitcoin, Dogecoin, and XRP Surge as U.S. Hints at Imminent Trade Deals Before Critical Deadline
1 day ago•
920

Bitcoin's Next Big Leap: Why Experts Predict a Record-Breaking Second Half
1 day ago•
960

Secret Service Strikes Big: $400M in Crypto Recovered from Criminals
2 days ago•
890
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!