The Swiss National Bank tested the feasibility of CBDCs in 2020.
Palestinians do not have an independent currency, and rely on the Israeli shekel and Jordanian dinar.
Cryptocurrencies are "speculative assets rather than money" used in many cases to facilitate financial crime, the central bank organization said.
The official said he is not optimistic about an Israeli CBDC being launched.
The French central bank used a CBDC to simulate the settlement of securities trading.
Privacy in the digital euro is a focal point for Europeans as are concerns of security and interoperability.
The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”
Smaller countries such as Greece, Latvia, Lithuania and Estonia would be hit the hardest.
“Central banks are considering a variety of [multi-CBDC] arrangements,” BIS researchers wrote.
BCB said the timeframe for a CBDC depends on the evolution of its current projects and the international landscape.
A central bank official said Nigeria has been researching CBDCs for two years.
Christina Segal-Knowles played down concerns that the traditional banking model would be undermined.
The banks will experiment with cross-border settlements of two wholesale CBDCs and a French digital financial instrument on a distributed ledger technology platform.
While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.
Central banks should welcome competition from crypto and the crypto industry should be less defensive, says our columnist.