Central Bank Digital Currencies 'Could Be 20 Years Away'

The prospect of central banks issuing their own digital currency remains distant, as central banks dismiss the prospect in the near term and industry experts predict that its emergence could still be decades away.

This week, the Bank of Israel issued a report on the potential for a central bank digital currency, following a year of study by a dedicated team.

That report expressed a significant degree of reservation on the issue.

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