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Asian CBDC projects: What are they doing now?
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The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat.
Given their capacity to use blockchain technology to facilitate a simplified fiscal policy — not to mention calibrate privacy features and even provide cross-border banking services to the unbanked — CBDCs continue to gain even more attention from various governments worldwide.
Already, surveys show more than 80% of central banks are researching CBDCs, with some working on proofs of concept that could eventually lead to the
Read more on cointelegraph.comAbout this in other media
Five reasons why central banks want to get into the CBDC game ambcrypto.com /3 years ago
Bitcoin's 'Shocktober,' New Crypto ATHs, Stablecoins in Singapore + More News cryptonews.com /3 years ago
New Bitcoin hash rate highs remove any trace of China mining ban cointelegraph.com /3 years ago
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