Crypto has accelerated CBDC work – BIS survey
Developing and emerging economies more likely to make retail CBDC available on distributed ledgers
The Bank for International Settlements’ annual central bank digital currency and crypto survey finds over a third of central banks are accelerating their digital currency work in response to the rise of stablecoins and other crypto assets.
The survey, published on August 22, was conducted before the swift passing and signing of the US Genius Act on July 18. Nevertheless, already by late 2024, 43% of central banks had stepped up their work on wholesale CBDC due to private digital currencies, and
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