The growing interest from central banks and the public in so-called CBDCs began in 2019. The projects in China, Sweden, and Canada are the most advanced, according to a report from the BIS.
The Bank for International Settlements (BIS) describes progress towards digital payment systems (with currencies that seem to emulate Bitcoin). The agency notes that these have accelerated substantially so far in 2020 and far exceed the developments of previous years.
The BIS shows these results through the Central Bank Digital Currencies Project Index (CBDCPI), which the agency included in its most recent report in August.
The study seeks to assess the progress and motivations for the issuance of central bank digital currencies (CBDC) in different countries, as well as the interest from central banks and citizens in these currencies. Additionally, the document analyzes technical approaches and parameters behind their design.
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