📢 The latest report shows that 134 countries (accounting for 98% of the global economy) are exploring central bank digital currencies (CBDCs). Of these, nearly half are at an advanced stage of development.
💰 CBDC is a digital currency backed and issued by a central bank. Pioneering countries such as the Bahamas, China, Nigeria have begun to see increased use. A report from the Atlantic Council indicates that 65 countries including Australia, Brazil, India are in the development, testing or launch stages.
🌍 44 countries are testing CBDCs, and all G20 countries are involved in the research. Among them, 13 countries such as Japan, India, Brazil, Russia are in the testing phase.
💡 China is leading the way with its e-CNY pilot program. The US is lagging behind but has joined the Agora cross-border CBDC project. However, privacy and political concerns are causing strong debate in the US.
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