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Bank of Spain’s Newest Experiment- CBDCs!

Author: Qadir AK

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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The Bank of Spain is launching an experimental study on wholesale central bank digital currencies (CBDCs) to determine their adaptability to the needs of an increasingly digital society. The study will focus on simulating the movement of funds and the liquidation of financial assets, as well as analyzing the pros and cons of launching a wholesale CBDC. Interested parties can submit proposals through the application process, which ends on January 31, 2023.

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