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Bahamas Tops China in Ranking of Central Bank Digital Currencies

  • Cambodia takes #2 in retail digital currency project maturity
  • Most efforts globally use blockchain as underlying technology
Daily Life In Shanghai Ahead of China Census
Photographer: Qilai Shen/Bloomberg
Updated on

Mainland China is third behind the Bahamas and Cambodia in a ranking of the maturity of central banks’ retail digital currency projects, according to a report from PwC.

More than 60 central banks are now exploring digital currencies, with retail projects more active in emerging economies given the importance of financial inclusion, while interbank or wholesale applications tend to be more predominant in advanced economies, the report said.