Central bank study shows little desire to issue digital currencies

The Bank of International Settlements (BIS) has found that while most countries around the world are keen on creating their own digital coins, most of the work is considered conceptual, with only “a few” intending to use them over the next six years. A new report details the motivations behind the creation of special kinds of digital assets called Central Bank Digital Currencies (CBDCs), a form of government-issued digital cash. Sixty-three central banks representing jurisdictions covering close to 80 percent of the world’s population were surveyed on the status of their proposed CBDCs, to determine the likelihood of an incoming wave…

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from The Next Web
BY David Canellis