Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also read: Crypto Regulations Are Changing Worldwide to Comply With FATF Standards China’s CBDC Is ‘Almost Ready’ The most recent country to claim that its CBDC is near completion is China. According to media reports, The People’s Bank of ... (full story)