Worldwide introduction of over two dozen state-supported digital currencies expected, while cryptoassets are a threat to financial stability: BIZ survey shows CBDCs as a solution

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Von: Krypto News Österreich

CBDCs und Finanzstabilität Laut einer aktuellen Umfrage der Bank für Internationalen Zahlungsausgleich (BIZ) besteht die Gefahr, dass die weit verbreitete Nutzung von Kryptoassets, einschließlich Stablecoins, die Finanzstabilität gefährdet. Die BIZ stellte jedoch auch fest, dass fast ein Viertel der Zentralbanken weltweit derzeit ein CBDC (Central Bank Digital Currency) für den Einzelhandel erprobt. Bis 2030 wird erwartet, dass mehr als zwei Dutzend staatlich unterstützte digitale Währungen eingeführt werden. CBDCs verstehen CBDCs sind digitale Versionen der Währung eines Landes oder einer internationalen Wirtschaftszone, die von der Zentralbank ausgegeben werden. Ähnlich wie Stablecoins, deren Wert an eine Fiat-Währung gebunden ist, wurden CBDCs bereits …
CBDCs and financial stability According to a current survey by the Bank for International Payment Compensation (BIZ), there is a risk that the widespread use of cryptoassets, including stable coins, endangers financial stability. However, the BIZ also found that almost a quarter of central banks are currently testing a CBDC (Central Bank Digital Currency) for retail worldwide. By 2030, more than two dozen state -supported digital currencies will be introduced. Understand CBDCs CBDCs are digital versions of the currency of a country or an international economic zone that are issued by the central bank. Similar to stable coins, the value of which is bound to a Fiat currency, CBDCs have already been ... (Symbolbild/KNAT)

CBDCs and financial stability

According to a current survey by the Bank for International Payment Compensation (BIZ), there is a risk that the widespread use of cryptoassets, including stable coins, endangers financial stability. However, the BIZ also found that almost a quarter of central banks are currently testing a CBDC (Central Bank Digital Currency) for retail worldwide. By 2030, more than two dozen state -supported digital currencies will be introduced.

cbdcs understand

CBDCs are digital versions of the currency of a country or an international economic zone that are issued by the central bank. Similar to stable coins, the value of which is bound to a Fiat currency, CBDCs have already been introduced by countries such as Nigeria, Jamaica, the Bahamas and the Eastern Caribbean.

The BIZ predicts that by the end of this decade, 15 consumer-oriented retail CBDCs and nine wholesale CBDCs are introduced for transactions between financial institutions. This is done in both emerging countries and in established economies.

The effects of cryptoassets

According to the BIZ report, 60% of the central banks surveyed stated that the rise of stablecoins and other cryptoassets accelerated their efforts to develop CBDCs.

However, not all central banks are convinced of the need for a state -supported digital currency, especially because of the turbulent cryptocurrency landscape of the past year. Although 93% of the central banks are examining CBDCs to a certain extent, more and more central banks have expressed their reluctance to the introduction of their own digital currency in the near future.

The report determines a significant divergence compared to the previous year. It is more likely that central banks will introduce a CBDC within the next three years, while others indicate that the likelihood is lower.