India, Jan. 22 -- The Bank for International Settlements (BIS), also known as the central bank of central banks, has included exploring Central Bank Digital Currency (CBDC) feasibility as one of the six key areas set out in its annual work program for 2021.

The other five key focus areas set out by the BIS Innovation Hub (BISIH) are suptech and regtech, next-generation financial market infrastructures, open finance, green finance, and cyber security.

The BIS also launched the BIS Innovation Network, which is a network of experts drawn from the BIS's 63 member central banks. This network is part of BIS' plan to foster international collaboration among central banks on innovative financial technology.

The BISIH has already launched a new...