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ALGO · 5w

Bank for International Settlements (BIS) Annual Report advocates for CBDCs

There's nothing Algorand-specific, but this new annual [report](https://www.bis.org/publ/arpdf/ar2021e3.htm) from BIS, a sort of international advisory body for central banks, advocates strongly for CBDCs and goes into them in some detail. [https://www.bis.org/publ/arpdf/ar2021e3.htm](https://www.bis.org/publ/arpdf/ar2021e3.htm) EDIT: On further reading, the BIS is also described as the bank for central banks. Not exactly clear how this works, but its recommendations obviously hold a lot of weight.
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