“An increasing number of countries are looking into launching their own central bank digital currencies (CBDCs),” concludes decentralised-finance news site Securities.io, as it publishes a brief survey of national initiatives around the globe. China, India, Turkey, Kazakhstan, the United Arab Emirates, Tanzania and Bhutan are among the many states mentioned.
Here are a pick of observations from the rich but compact overview by Securities.io:
• India launches its first pilot into a wholesale CBDC for secondary trade in government securities.
• Turkey will launch a CBDC next year.
• Kazakhstan has set out to build a solution over a blockchain platform developed by Binance: BNB Chain.
• The Bank for International Settlements (BIS), within its Project mBridge, has completed a “real-value transactions pilot project” on a cross-border CBDC platform.
… and on goes the list.
