Nearly two thirds of the countries in the world are now “exploring” central bank digital currencies (CBDCs) at one level or another, a new report says.
The report, published on Wednesday by Washington-based think tank Atlantic Council, reveals that a total of 130 countries—representing 98 percent of global economy—are taking steps to convert their central bank money into digital form. That’s a dramatic increase from two years ago, when there were just 35 countries considering a CBDC.
Some 11 of those 130 countries have already launched their CBCD. All of them, expect Nigeria, are Caribbean island nations.
All G20 countries, with the exception of Argentina, are now in the advanced stage of CBDC development….