The Bank for International Settlements, that serves as a bank for central banks, has issued a report on central bank digital currencies (CBDCs) today. It claims they are growing in digitised economies, but the reasons for their growth differs from country to country.
The report’s key findings are that most CBDCs originate in innovative countries, and all of these initiatives seek to offer a digital complement to cash rather than a direct replacement to it. In addition, proofs-of-concept are more often than not based on distributed ledger technology, further indicating the modernization of CBDCs.
Continue read: https://decrypt.co/39658/the-bank-for-international-settlements-takes-a-look-at-digital-currency
