During the pandemic year, the number of countries interested in launching their own central bank digital currencies (cbdcs) more than doubled. according to the atlantic council, an american think organization, 81 counties are debating whether or not to participate. india is classified as a research’ country, with a crypto law still waiting. meanwhile, the initial proposal called for the reserve bank of india to develop its own digital currency.

venezuela is one of the first countries to introduce a government-sponsored digital currency, but it will not be the last. india, australia, brazil, chile, and a number of other countries are just considering it. 19 countries have now completely established their cbdcs, according to a report. this comprises pilot projects in China, the Eastern Caribbean, and Jamaica.

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