Over the weekend, a Moroccan newspaper reported that the central bank is exploring central bank digital currencies (CBDC).
Bank Al-Maghrib (BAM), Morocco’s central bank, confirmed to Ledger Insights that it set up a Committee to explore the topic. However, it’s currently at an early stage.
The Bank pointed to CBDC research conducted by the Bank for International Settlements (BIS) in which it participated. BIS research found that 60% of banks are unlikely to issue a CBDC within the next six years, but 86% of banks are engaging in some sort of activity.
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