Central banks look like in a poor state in terms of having clear authorized authority to challenge retail central financial institution digital currencies (CBDCs), regardless of all of the frenetic exercise on this space throughout the previous 5 years. The Central Banking Fintech Benchmarks 2022 discovered that 61% of 31 respondent central banks mentioned they didn’t have a authorized mandate to challenge a CBDC. The most recent Financial institution for Worldwide Settlements’ CBDC survey had comparable findings, with 65% out of 81 respondents probably not
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