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More central banks look to issue own digital currencies: BIS

From reuters.com

A rising number of central banks are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements (BIS) showed on Thursday, as interest in the technology heats up. Some 20% of 66 central banks surveyed by the BIS said they were likely to issue a digital currency within the next six years, up from around 10% a year earlier. One in ten said they were likely to do so within the next three years. In all, 80% of central banks said they were looking at the technology, up from seven in ten surveyed last year. As Facebook’s efforts to launch its Libra cryptocurrency ... (full story)

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  • Category: Fundamental Analysis