Reported 22 days ago
A recent study reveals that 134 countries, representing 98% of the global economy, are now exploring central bank digital currencies (CBDCs), with nearly half in advanced stages. Notable examples include China's e-CNY, which has seen a dramatic rise in usage. All G20 nations are researching CBDCs, driven by declining cash use and competition from cryptocurrencies. The U.S. is currently involved in a cross-border CBDC initiative but remains behind other major economies. The increasing interest in CBDCs symbolizes a significant shift in the global financial landscape.
Source: YAHOO