Central banks' digital currency race gains momentum

CENTRAL BANK OF 114 COUNTRIES DO RESEARCH
According to a report by the International Monetary Fund (IMF), Central Bank Digital Currencies are expected to have significant impacts on monetary policy, financial stability and the international monetary system.
The IMF's report states that Central Bank Digital Currency research has accelerated during the COVID-19 pandemic, often in response to the emergence of crypto assets.
According to data from the Atlantic Council, 114 countries representing more than 95 percent of the global economy are actively researching Central Bank Digital Currency.
While it is noteworthy that the researches of countries in this area are intensified, it is noted that only 35 countries evaluated the Central Bank Digital Currency in May 2020.
While 11 countries including the Bahamas, Jamaica, Nigeria and 8 Eastern Caribbean countries have fully launched the digital currency, China's pilot application, which has reached 260 million people, is expected to spread across the country in 2023.
Jamaica stands out as the latest country to launch the Central Bank Digital Currency JAM-DEX. #HotTopicDiscussion# #ContentStar# #GateioLive# #GateioTurns10# #NewsMessenger# #BountyCreator# #MyFancyCreator# #GateLive#