Cross-border payments don't seem to be a priority for countries around the world engaging in their own CBDC projects, according to the BIS report.
The Bank of Canada said that it has no plans to issue digital currency at this time. But preparations are underway to build the capacity to do.
Chief cashier of BoE has expressed support for the central bank digital currency (CBDC). She urged other central banks to consider developing CBDC.
According to Kozo Yamamoto (Head of the Liberal Democratic Party), Japan plans to create Yen Digital Currency. It should be done within two to three years.
The Bank of Korea has officially announced that there was little incentive for the national bank to launch a Central Bank Digital Currency (CBDC).
70 lawmakers from Japan’s ruling Liberal Democratic Party are prepared to release their proposals to issue cryptocurrency tomorrow.
Japan might be the latest nation in line planning to launch its own cryptocurrency. The move comes after China's announcement of digital yuan.
Six Major Central Banks have created a group with the Bank for International Settlements (BIS) to research the central bank digital currencies (CBDC).
The Facebook crypto project, Libra, has lost another one of its backers with Vodafone announcing its decision to quit the Libra Association.
Coming Spring, crypto exchanges facilitating Bitcoin (BTC) and other altcoins trading may face considerable constraints on margin trading.