{"id":15450,"date":"2020-10-23T13:54:39","date_gmt":"2020-10-23T13:54:39","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15450"},"modified":"2020-10-23T13:54:39","modified_gmt":"2020-10-23T13:54:39","slug":"quick-look-at-the-statuses-of-various-cbdc-projects-around-the-world","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/quick-look-at-the-statuses-of-various-cbdc-projects-around-the-world\/","title":{"rendered":"Quick look at the statuses of various CBDC projects around the world"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A new working paper from the Bank for International Settlements (BIS) examined the state of various central bank digital currency (CBDC) projects around the world to see what their statuses are. Interestingly, 3 countries (Ecuador, Ukraine and Uruguay) have already completed retail CBDC pilots, and 6 (the Bahamas, Cambodia, China, the Eastern Caribbean Currency Union, South Korea and Sweden) have pilots still ongoing. At the same time, 18 central banks have published research on retail CBDCs, and another 13 have announced research or development work on wholesale CBDCs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In general, retail CBDC projects are more advanced in jurisdictions with high innovation capacity and larger informal economies. Wholesale CBDC projects, on the other hand, are more advanced in economies that have higher financial development, something that could reflect a focus on increasing the efficiency of wholesale settlements. <\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15450 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Why financial institutions are losing the talent war for developers'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/why-financial-institutions-are-losing-the-talent-war-for-developers\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/04\/why-financial-institutions-are-losing-the-talent-war-for-developers-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12669\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12669'>\n\t\t\t\tWhy financial institutions are losing the talent war for developers\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='COVID-19\u2019s impact on P2P lending'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/covid-19-s-impact-on-p2p-lending\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/investment-3247252_1280-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-14933\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14933'>\n\t\t\t\tCOVID-19\u2019s impact on P2P lending\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='IoT-powered transformation in the financial sector'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/iot-powered-transformation-in-the-financial-sector\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/iot-powered-transformation-in-the-financial-sector-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-11927\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11927'>\n\t\t\t\tIoT-powered transformation in the financial sector\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A new working paper from the Bank for International Settlements (BIS) examined the state of various central bank digital currency (CBDC) projects around the world to see what their statuses are. Interestingly, 3 countries (Ecuador, Ukraine and Uruguay) have already completed retail CBDC pilots, and 6 (the Bahamas, Cambodia, China, the Eastern Caribbean Currency Union, &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"class_list":["post-15450","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","bulletin_edition-10_october","bulletin_edition-fintech-2020","b_post_type-bfc-recommends"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15450"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15450\/revisions"}],"predecessor-version":[{"id":15452,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15450\/revisions\/15452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15451"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}