| July 22, 2021, 7:48 a.m.
Reproduced from Atlantic Council; Map: Axios visualsCentral bank digital currency (CBDC) is probably not top of mind for most global consumers. But we may soon have no choice but to think about it — since 81 countries, representing over 90% of global GDP, are now exploring the development of one. The backstory: CBDCs are digital versions of existing currencies — legal tender issued, governed and backed by a central bank. State of play: China is furthest along among major global powers, having launched its pilot digital yuan in April. A total of 16 other countries are in the pilot phase or have launched, and another 15 countries have CBDCs in development.Read Full Article
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