For the first time ever, the World Economic Forum (WEF) releases a tool kit to help the Central Banks to decide the advantages or non advantages of issuance of Central Bank Digital Currency, not matter for which country or the size of their economy.
The Central Banks that are interested to create their CBDC's will have the opportunity to decide if the issuance or not is good for them using this tool kit provided by the World Economic Forum (WEF).
This "tool kit" is a document composed by 28 pages with explanation about the CBDC's, and the instrument could be very helpful for all nations who intent to issue a digital coin in their territory.
The Intel provided in the document is referred to types of CBDC that include retail, wholesale or cross-border and no matter what countries will be interested to adopt this kind of currency, the nations has the right to learn with the "tool kit" and decides what best suits them!
This developments are really interesting to follow and note that, more countries are betting higher in adoption of CBDC and studying more about them. Recently the Bank of England (BoE), the Central bank of UK, revealed that in concession with five more Central banks, explore to found how could benefit from the sovereign digital currency.
China is the Country that are more advanced in this study, that started in 2014 to explore the digital version of Yuan, and soon they will release it, starting in two Chinese Cities on pilot phase, the city of Suzhou and Shenzhen.
All this Developments, only shows the importance of the Blockchain Technology and it's adoption, can be paused, but one thing is certainly correct... the tech will make a revolution in the traditional world finance.
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