Highlighting the growing global interest in cryptocurrency, the report said:
Ever since the central banks around the world embarked on unprecedented expansion of their balance sheets to combat the COVID-19 pandemic-related economic headwinds, interest in cryptocurrencies, along with gold, has surged.”
In addition, the report stated the efforts by central banks to offer digital versions of fiat currencies. According to the report, the Bank of International Settlements (BIS) conducted a survey on 66 central banks. Out of the surveyed banks, 80% are currently exploring Central Bank Digital Currencies (CBDCs).
Image Credits: Pixabay
bestadmin
