As an increasing number of Latin American and Caribbean (LAC) countries are pursuing the development of a central bank digital currency (CBDC), VIXIO takes a look at some of the main drivers behind the trend in the region, and some of the risks and opportunities involved.
According to recent analysis carried out by the Bank for International Settlements (BIS), close to 30 percent of LAC economies said they are likely to issue a retail CBDC within the next one to three years.
Among the latest Latin American markets to announce plans to issue a CBDC over the next couple of years are Brazil, Mexico and Venezuela.
