World’s Central Banks Moving Toward Digital Currencies

The world’s central banks are actively working on implementing digital currencies as use of physical cash wanes, according to banking experts. A recent survey by the Bank of International Settlements (BIS) showed 86 percent of the 65 central banks surveyed said that were at least in the early stages of developing a digital currency, with 15 percent moving toward pilot programs, according to CNBC. The goal of the banks is to create central bank digital currencies (CBDC) that are conceptually...
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