• Deborah

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.

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