In June 2023, the Atlantic Council, primarily based in america, introduced the outcomes of a research on world nations’ curiosity in and progress towards creating their very own central financial institution digital currencies. Eleven nations have already launched CBDCs; 130 others are within the exploratory section, and about half of these have begun the event course of.
Market watchers cite a number of elements behind governments’ push towards CBDCs, from the reducing use of money by the final inhabitants to geopolitical tensions and occasions. Regardless of the underlying causes, although, crypto trade gamers must regulate developments and contemplate how the rise of CBDCs may influence the trade and world market. Right here, 11 members of Cointelegraph Innovation Circle share their predictions for doable outcomes from the ever-expanding growth and introduction of CBDCs.
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