The majority of central banks around the world are considering issuing central bank digital currencies (CBDC), but not in the short term. In a Bank for International Settlement report, Proceeding with caution- a survey on central bank digital currency, released today, survey results show that, “although a majority of central banks are researching CBDCs, this work is primarily conceptual and only a few intend to issue a CBDC in the short to medium term.” Over 85% of central banks see themselves as either somewhat unlikely or very unlikely to issue any type of CBDC. Read more