While central banks around the world are looking into digital iterations of local sovereign currencies for use by citizens in daily transactions, progress on wholesale CBDCs – that can be built on technologies similar to DLT that underlie crypto and be used exclusively between financial institutions to conduct speedy settlements – has been moving faster, propelled by support from the Bank for International Settlements (BIS) which groups the world’s central banks.
Source: https://www.coindesk.com/policy/2022/11/03/singapores-mas-starts-wholesale-cbdc-project-with-french-and-swiss-central-banks/?utm_medium=referral&utm_source=rss&utm_campaign=headlines