A report from the Atlantic Council reveals that 130 nations, which account for 98% of the world’s economy, are considering digital versions of their currencies. Among these nations, nearly half of them are in the advanced stages of development, pilot, or launch. With Argentina as the only exception, all G20 nations are now in one of these advanced stages. A total of 11 countries, including some in the Caribbean, and Nigeria, have already introduced Central Bank Digital Currencies (CBDCs). India and Brazil also plan to introduce digital currencies in the upcoming year. Meanwhile, the US is focusing on launching a wholesale version of digital dollar, with the development of a retail version seemingly at a standstill.

Source: https://www.reuters.com