The world's central banks speed up digital currency moves post-Covid, Moody's says

The world's central banks speed up digital currency moves post-Covid, Moody's says
·1 min read

The pace of digital currency (CBDCs) development by central banks around the world has accelerated since the start of the Covid pandemic, Moody's Investors Services said Tuesday. The debt research firm said a 2021 survey of central banks by the Bank for International Settlements (BIS) showed that 86% of respondents are actively researching the potential of central bank digital currencies, with 60% in the experimentation phase and 14% piloting specific programs. "This rapid advancement has come a

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