# 12 Countries Are Now Considering Central Bank Digital Currencies **URL:** \ **Category:** News & Articles\ **Tags:** tools, trading\ **Created:** [March 2, 2020, 1:37pm UTC](https://onehack.st/t/12-countries-are-now-considering-central-bank-digital-currencies/72153 "2020-03-02T13:37:30Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Aina](https://onehack.st/user_avatar/onehack.st/aina/32/167469_2.png) [@Aina](https://onehack.st/u/Aina)\ **Post date:** [March 2, 2020, 1:37pm UTC](https://onehack.st/t/12-countries-are-now-considering-central-bank-digital-currencies/72153/1 "2020-03-02T13:37:30Z")
![RTS304D3](https://onehack.st/uploads/default/original/3X/f/1/f1efdd25bc6a40c7b29158bb3aa72305b2664651.jpeg) “Officials at central banks are considering how and whether to create a digital form of cash,” reports Qz: _As money gets swept up by tech innovation, government authorities are taking a closer look at old fashioned notes and coins. More than [a dozen countries are either researching, piloting, or, like China, have ongoing work](https://qz.com/1810727/central-banks-are-researching-digital-currencies-to-replace-cash/) in place for central bank digital currencies, according to a Bank for International Settlements report [published today](http://www.bis.org/publ/qtrpdf/r_qt2003.htm). “Central banks around the world are investigating a rich set of prototypes,” the BIS wrote…_ _While physical cash isn’t yet endangered in most places, the experience of a few countries, notably [Sweden](https://slashdot.org/story/20/02/20/1735215/sweden-starts-testing-worlds-first-central-bank-digital-currency), China, and even to some extent the UK, shows that a world with much less cash usage is increasingly possible. That’s why the BIS, sometimes called the central bank for central banks, published a report sketching out possible designs for a peer-to-peer central bank digital currency._