An analysis conducted by Atlantic Council revealed that 130 nations, or 98% of the global GDP, are “exploring” a central bank digital currency (CBDC).
11 countries have fully launched one, with China being an example.
A Closer Look at the CBDC Trends
The research estimated that 95 counties had joined the CBDC race in the past three years. As of the moment, 130 nations have introduced some programs, with many being developed economies, such as Japan, South Korea, Australia, the UK, and more. Most countries (46) are currently in the “research” phase, whereas 21 have launched pilot tests.
Number of Countries That are Exploring CBDC, Source: Atlantic Council
Almost every G20 country “has made significant progress and invested new resources in these projects over the past six months,” Atlantic Council stated.
The nations that seem most determined to issue a digital version of their official currencies include China, Nigeria, the Bahamas, Jamaica, and other Caribbean islands
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