Central banks step up push for digital currencies – survey ...News

Over 20 digital tokens regulated by central banks are expected to be in circulation worldwide by 2023 A growing number of central banks around the globe are working on digital versions of their national currencies, a survey by the Bank for International Settlements (BIS) published last week has found. A central bank digital currency (CBDC) is a digital payment instrument denominated in the national unit of account, and regulated by a central bank. There are currently two types: retail, for everyday use by individuals and firms, and wholesale, for transactions between financial institutions. According to BIS findin

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