{"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='Talent deficit hinders digital modernization efforts'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/talent-deficit-hinders-digital-modernization-efforts\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/12\/talent-deficit-hinders-digital-modernization-efforts-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14255\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14255'>\n\t\t\t\tTalent deficit hinders digital modernization efforts\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Libra: everything you need to know about Facebook\u2019s cryptocurrency'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/libra-everything-you-need-to-know-about-facebook-s-cryptocurrency\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/08\/facebook-libra-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13549\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13549'>\n\t\t\t\tLibra: everything you need to know about Facebook\u2019s cryptocurrency\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The Ongoing Payment Revolution'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-ongoing-payment-revolution\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/06\/ce0545d3-4186-21a9-15ea-c23820e5feba1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16077\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16077'>\n\t\t\t\tThe Ongoing Payment Revolution\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":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15450"}],"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}]}}