The rise of company-issued and government-backed digital currencies, including Libra and the digital Yuan, has created a sense of urgency among many nations to develop their own CBDCs. Until today, most work by central banks and independent organizations has been focused on the concept of CBDC rather than implementation, though thirty-eight countries in addition to the European Union are piloting or considering CBDC solutions. In fact, it’s estimated that 10% of central banks will be implementing or developing CBDCs in the next few years. CipherTrace will take the next major step towards actualization by working with central banks to implement CBDCs in a manner that prevents money laundering and protects personal privacy.
Read more: https://www.thisdaylive.com/index.php/2020/03/30/central-banks-and-digital-currency/
