Caution the Watch Word Regarding National Digital Currencies
According to a recent survey by the Bank of International Settlements, over 70 percent of central banks are studying central bank digital currencies (CBDCs), but few have firm intentions to issue them within the next decade. “Most people will have to wait some time to use a central bank digital currency, but central banks are working hard to make sure the wait is worth it,” the group found in the poll. The greatest enthusiasm for CBDCs came from central bankers in emerging nations who see them as ways to boost financial inclusion. Source.