"Digital Currencies: 24 Central Banks Set to Implement by 2030, BIS Survey Finds"
A survey conducted by the Bank for International Settlements (BIS) revealed that around 24 central banks across emerging and advanced economies are expected to have digital currencies in circulation by 2030. The majority of these Central Bank Digital Currencies (CBDCs) will be in the retail space, with several central banks already running live digital retail currencies. Additionally, nine central banks are considering launching wholesale CBDCs to enhance cross-border payments. The survey also highlighted that the share of central banks engaged in CBDC development has risen to 93%, with 60% citing the acceleration of stablecoins and other cryptoassets as a driving factor.