Interest in Central Bank Digital Currencies (CBDCs) is clearly on the rise. A new report from the Bank for International Settlements says that nine out of 10 central banks are now exploring CBDCs – covering economies that account for more than 90% of global GDP.
An increasing number of these central banks are in the advanced stages of their CBDC exploration, with nine countries already live with their own digital currency – most notably Nigeria and The Bahamas.
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