Yes, several governments around the world are actively considering or already developing central bank digital currencies (CBDCs). Some of the countries that are currently exploring or implementing CBDCs include:

1. China: China is leading the way in CBDC adoption with its digital yuan, also known as Digital Currency Electronic Payment (DCEP). The Chinese government views the digital yuan as a way to reduce its reliance on the US dollar and enhance its monetary policy.

2. Sweden: The Riksbank, Sweden's central bank, is testing an e-krona as a complement to cash, as the country is moving towards a cashless society. The e-krona is intended to improve the efficiency of payments and provide access to central bank money to the general public.

3. The Bahamas: The Central Bank of The Bahamas launched the Sand Dollar, a digital version of the Bahamian dollar, in 2020. The Sand Dollar is intended to provide greater financial inclusion for those who do not have access to traditional banking services.

4. United States: The Federal Reserve has been studying the potential benefits and risks of a digital dollar for several years. The US government sees a digital dollar as a way to enhance financial inclusion and reduce the costs of transferring money.

Other countries such as the United Kingdom, Japan, Canada, and the European Union are also exploring the possibility of CBDCs.

It is unlikely that any country will completely stop issuing paper money altogether. However, the introduction of a CBDC may reduce the use of cash over time as more people opt for digital payments.

As of now, only the Bahamas has launched a fully operational CBDC, while China's digital yuan is being piloted in various regions of the country. Other countries are still in the exploration and development stages.
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