It may be some time, if at all, before we see the introduction of a retail central bank digital currency in a major economy outside China or India. The decision by the Bank of Japan to move the idea to its pending tray is a further indication of cooling enthusiasm among major central banks for fiat digital currencies, especially in the retail sector. This follows the UK House of Lords declaring that CBDC is a ‘solution in search of a problem’ and the Bank of England, European Central Bank and the US Federal Reserve all separately continuing to study and consult without publicly announcing either unequivocal decisions ... (full story)