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News Explorer — BIS Predicts24 Central Banks Will Have CBDCs by 2030, With Majority Focusing on Retail Use

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Jul 10, 9:10 am
Reuters

BIS Predicts24 Central Banks Will Have CBDCs by 2030, With Majority Focusing on Retail Use

According to a survey by the Bank for International Settlements (BIS), around 24 central banks worldwide are expected to have digital currencies in circulation by 2030. The majority of these Central Bank Digital Currencies (CBDCs) will be in the retail space, with some central banks also exploring wholesale versions for transactions between financial institutions. The survey also revealed that the share of central banks engaged in CBDC development has risen to 93%, with many citing the acceleration of stablecoins and other cryptoassets as a driving factor.

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