The recent survey results published by the Bank of International Settlements produced bullish and bearish sentiments with regard to Central Bank Digital Currency adoption. While banks in Emerging Market Economies (EME) are moving more rapidly toward issuing government-sponsored CBDCs, those in established countries appear to be taking a more cautious stance on the transition from fiat currencies to digital.
The irony here is that the banks that could potentially catapult the world into the digital currency age are the ones that are the least likely to be the early adopters. What’s driving — or not driving — their reluctance to move faster?
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