A few monetary regulators have entered the pilot programs with digital fiats.
Bitcoin maximalists cried foul at the central banker's prognostications.
Central banks remained adamant cryptocurrency does not factor into their CBDC
The new platform was announced as part of the BIS Innovation Hub's priorities
and programs for 2021.
Almost 50 monetary authorities and central banks are researching and
developing wholesale or retail CBDCs. What does 2021 hold in store?
A Swiss experiment on how central bank money can be linked to markets built on
distributed ledger technology (DLT) yielded positive results.
The new project enables integration between tokenised digital assets and
central bank money.
The need to regulate global stablecoins like Libra doesn't mean authorities
can't embrace innovation, according to according to a BIS working paper.