More and more central banks are exploring central bank digital currencies, with 94% of banks working on digital versions of their national currencies

According to a survey released by the Bank for International Settlements (BIS), more and more central banks are exploring central bank digital currencies (CBDCs), BlockBeats reported. Of the 86 banks participating in the survey, 94% said they were studying digital versions of their national currencies. In contrast, in the Bank for International Settlements' 2021 survey, 90% of the 81 surveyed banks said they were conducting related research.

The banks surveyed also said they were more likely to issue a wholesale CBDC over the next six years than a retail CBDC. The wholesale version would be available only to banks and financial institutions, while the retail version would be available for everyday use by the public.