Central Banks Are Increasingly Interested in CBDCs, Says BIS Survey

The tower of the headquarters of the Bank for International Settlements (BIS) is seen in Basel, Switzerland, on Jan. 30, 2020. Arnd Wiegmann/Reuters

At least 93 percent of central banks are already researching the implementation of central bank digital currencies (CBCD), according to a recent survey.

Twenty-four central banks in emerging and in advanced economies are expected to have digital currencies in circulation by 2030, the Bank for International Settlements (BIS) said in a survey published on July 10.