90 Percent of Nations Planning Central Bank Digital Currencies: Report

In this photo illustration, a visual representation of bitcoin cryptocurrency is pictured in London on May 30, 2021. Edward Smith/Getty Images

Nearly 90 percent of national central banks are planning to launch their own central bank digital currencies (CBDC) to the general public, according to a new report (pdf) from the Bank of International Settlements (BIS).

BIS surveyed 81 central banks in fall 2021 regarding their engagement in CBDC work as well as their motivations and their intentions regarding CBDC issuance.