A recent survey of central banks revealed that 86% are actively doing research into central bank digital currencies (CBDCs), 60% are already in the experimenting phase, and almost 15% are doing pilot testing.
The idea of CBDCs has been circling around for a few years now, however, with the growing attention toward cryptocurrencies and money digitalization in general, banks are now focusing on how to put the idea into practice. For instance, the Bank of England, together with HM Treasury,created a dedicated task force to explore potential use cases of CBDCs in the UK market and monitor international developments regarding the topic. Norway ispushing ahead, too, while China is already in the process oftesting digital Yuan out in the real world.