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BIS study shows positive outlook on retail CBDC issuance

July 10, 2023


For this survey, the Bank of International Settlements (BIS) surveyed 86 central banks. According to the findings, 93% of them are currently working on their own CBDCs, with major jurisdictions such as India, the UK and the European Union all seriously exploring issuing a digital version of their fiat currencies.

In essence, the report shows that global work on CBDCs has been making good progress when compared to 2022. CBDCs are taken more seriously in emerging economies, where these types of digital assets could potentially help the unbanked. If issued, retail CBDCs are expected to complement existing currencies and not replace them.

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