• Dwindling cash use is pushing central banks

    LONDON — Central banks are accelerating their work on digital currencies and investors are taking note.

    Earlier this year, the Bank of International Settlements published its latest survey showing that 86% of the 65 central banks it spoke to are doing some form of work on central bank digital currencies (CBDCs), be it research, proofs of concept or pilot development.  

    Almost 15% are moving toward actual research for pilots. 

    What has spurred this activity? 

    Deputy Governor of the Bank of Italy, Piero Cipollone, told CNBC that the increased focus on CBDCs stems from the general move away from cash, adding

  • Effect Of Technology On Our Lives

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