Fintech

Central banks tiptoe into digital money

But use of private cryptocurrencies — such as bitcoin — ‘will remain minor’, BIS says

Despite widespread interest in digital currencies among the world’s central banks, only a tiny minority plan on issuing their own in the near future, according to a new report.

The Bank for International Settlements, the bank for central banks, surveyed 63 of its members on central bank digital currencies — electronic forms of conventional currencies such as the pound and dollar.

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