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<ul class="news-points"> 
 <li>Study by Atlantic Council on CBDC finds 134 countries exploring digital currencies.</li> 
 <li>Josh Lipsky highlights that China, Europe and Japan are far ahead.</li> 
 <li>There are currently 36 pilot projects underway with China’s e-CNY being traded by 260 million people.</li> 
</ul> 
A recent study by the <a href="https://www.atlanticcouncil.org/cbdctracker/" target="_blank" rel="nofollow">Atlantic Council</a> found that 134 countries, representing 98% of the global economy, are <a href="https://www.reuters.com/markets/currencies/countries-closing-digital-currencies-us-lagging-study-shows-2024-03-14/" target="_blank" rel="nofollow">exploring</a> digital versions of their currencies. Over half of these countries are in advanced stages of development, pilot, or launch.&nbsp; The United States is one of the few major economies that is lagging behind in this area. 
Josh Lipsky of the Atlantic Council pointed out how much further ahead China, Europe and Japan are. 
<blockquote class="wp-block-quote"> 
 The biggest headline here is that the divergence between the world’s largest central banks over CBDCs (Central Bank Digital Currency) is growing, 
</blockquote> 
Supporters of digital currencies say they will allow new functionality and provide an alternative to physical cash. However, they have also raised concerns about the potential for government surveillance. 
There are currently 36 pilot projects underway around the world, including China’s e-CNY which is being trialed with 260 millio…
The post <a href="https://coinedition.com/the-future-of-money-central-bank-digital-currencies-on-the-rise/">The Future of Money? Central Bank Digital Currencies on the Rise</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

The Future of Money? Central Bank Digital Currencies on the Rise

Coin Edition

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