Most central banks have started to engage with central bank digital currencies (CBDCs) – though at many their experimentation is at a very early stage.
According to Fintech & IT Benchmarks 2021, 90.3% of 31 central banks said they are either researching CBDCs or are in the process of developing or conducting a pilot project. However, just one said they had actually completed a CBDC pilot.
The scope of the central banks’ CBDC activities encompassed several design variants. Of the 24
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