Central banks worldwide are rapidly developing their own digital currency projects with two dozen expected to issue their own version this decade, according to the Bank of International Settlements.
By 2030, 24 central banks are expected to have digital currencies in circulation, according to a survey by the Bank for International Settlements (BIS). This includes up to 15 retail and nine wholesale central bank digital currencies (CBDC).
In total, the share of central banks that said they were engaged in some form of CBDC-related work rose to 93 percent.
The survey was conducted from October to December 2022 and covered 86 central banks worldwide.
