At least 93 percent of central banks are already researching the implementation of central bank digital currencies (CBCD), according to a recent survey.
Twenty-four central banks in emerging and in advanced economies are expected to have digital currencies in circulation by 2030, the Bank for International Settlements (BIS) said in a survey published on July 10.
This appears to be in line with the United Nations’s 2030 Agenda for Sustainable Development.
A survey of 86 central banks was conducted from Oct.–Dec. 2022, which asked whether they were working on a retail, wholesale, or both types of CBDCs, how far they were in development and their motivations….