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The Bank for International Settlements (BIS) determined that the progress that has been made in terms of cryptoactives is conceptual, despite the fact that most central banks are interested in creating their own assets.
The study, published this January on the BIS website and conducted by Christian Barontini and Henry Holden, concludes that only a few central banks plan to use this type of currency in the next six years, even though many of these organisms appear to have clarified the challenges of the launching of digital currencies of the Central Bank (CBDC).
The BIS carried out a survey among 63 central banks. These bodies were asked about their current work on CBDCs, their motivation on the subject and the likelihood that they will issue this type of digital currency.
In this way the motivations behind the creation of these assets are exposed, determining that, although most of the central banks are investigating the CBDC, only a few intend to issue a CBDC in the short and medium term. Therefore, more than 85% of central banks see as unlikely or very unlikely that they will issue any type of CBDC. The evidence from this survey is that central banks are proceeding with caution, and also that they are collaborating and sharing the results of their work.
These results of this BIS research coincide with those of the study carried out in 2018 by the Committee on Payments and Market Infrastructures (CPMI), which concludes that 69% of central banks are currently, or will soon be, doing related work with digital currencies of the central bank. There, it is stated that, until now, only wholesale CBDCs (restricted access digital settlement tokens) have been completed, through proofs of concept for wholesale payment applications, based on distributed accounting technology.
Source: www.criptonoticias.com
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