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24 central banks to launch digital currencies by 2030: BIS

In a recent survey conducted by the Bank for International Settlements (BIS), it Is projected that approximately two dozen central banks will have digital currencies in circulation by the end of the decade. The survey, which covered 86 central banks, revealed an escalating interest in digital currencies amid a decline in cash use and concerns over leaving digital payments solely to the private sector. Among those planning to launch digital currencies are emerging economies India and Brazil. The BIS also noted that the share of central banks engaged in Central Bank Digital Currencies (CBDCs) had risen to 93%, spurred by the rise of stablecoins and other cryptoassets. The report further cautioned that widely-used cryptoassets, including stablecoins, may pose a threat to financial stability.


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