CBDCs and improvements in payments systems continue to be an area of exploratory focus for BIS

Digital asset business operators have expanded their business to cover services related to the use of digital assets as a means of payment for goods and services

Currently, intraregional transaction settlements in ASEAN+3 take at least 2 days, due to time differences as well as varying operating hours for markets within the same time zone.

It also asked citizens to beware of allegations of Ponzi scheme scams in crypto investments.

The paper highlights five potential benefits and five key risks that a CBDC would create.