top of page
  • Writer's pictureDeborah
    • May 31, 2022

In Autumn 2021, the Bank for International Settlements (BIS) surveyed 81 central banks on work related to central bank digital currency (CBDC) and intentions for CBDC issuance.


The results were revealed in May, 2022:

  • 90% of central banks were actively engaged in some form of CBDC, an increase from previous years

  • >70% of there are considering a two-tiered model

  • 76% working in a retail CBDC are considering interoperability with existing payment systems

  • 68% consider it a possibility that they will issue a retail CBDC and 54% for wholesale CBDC in the foreseeable future


The report also includes trends on crypto currencies.


Over the past year, cross-border payments efficiency has been a prominent driver for CBCD, particularly due to CBDC’s ability to shorten transaction chains and providing longer operating hours.


Recent Posts

See All

The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. SOFR is the overnight interest rate for US dollar-denomina

13/06/2023 - Canadian Securities Administrators (CSA) SEDAR+ go-live date. All issuer filings, cease trade orders and disciplined list entries will be filed in SEDAR+ 16/06/2023 - OSFI consultation pe

On May 11, the Bank for International Settlements (BIS) published a Handbook on how central bank digital currencies (CBDCs) could work for offline payments, defined as a “transfer of value between dev

bottom of page