Central Banks Increase Interest in CBDCs as per BIS Survey

Central Banks and CBDCs

The Bank for International Settlements (BIS) survey indicates a growing enthusiasm among central banks to explore Central Bank Digital Currencies (CBDCs). The report highlights a shift towards wholesale CBDC issuance over retail ones in the next six years, emphasizing the evolving nature of digital currencies in the financial sector.

Key Findings

• Rising Trend: More central banks are considering the implementation of CBDCs.
• Wholesale Preference: The survey suggests a higher propensity towards wholesale CBDC issuance within the near future.
• Global Impact: The shift towards digital currencies could reshape traditional financial systems worldwide.