Status of CBDC Development

The Central Bank of Bahamas (CBOB) made history by issuing a digital currency that can be used in domestic wholesale and retail transactions. China successfully airdropped $1.5 million worth of DCEF to its first test location in Shenzhen, posting another major milestone in the development of state-backed digital currency. With the pandemic pushing the bulk of essential services online, many other countries are toying with the notion of state-backed digital currencies. 

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Status of CBDC Development Around the World: Part I