The results of the 2022 BIS survey on central bank digital currencies (CBDCs) came out today. Based on current progress, the BIS says we could see another 15 retail and nine wholesale CBDCs by the end of the decade.
According to the study, the share of central banks actively exploring a CBDC grew from ninety percent in 2021 to 93% in 2022, with more progress made in retail experiments. The survey represents 94% of global economic output and suggests that emerging markets are leading the race, as advanced economies lag behind in both retail and wholesale CBDC pilots.
The questions explored the current stage of development and motivations for potentially issuing a CBDC, finding that almost sixty percent have accelerated their research in response to the rise of cryptoassets and stablecoins.
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