As per the report published by Central bank in 2021, the Central Bank of Azerbaijan (CBA) will study the threats and opportunities posed by digital currencies, as well as analyze the level of readiness of the domestic market for digital Manat.
The Central Bank of Azerbaijan is reportedly in cooperation with other international think tanks, financial organizations, and banks. It is ”actively monitoring” the role of digital currency in monetary policy and transmission.
Sources:
https://uploads.cbar.az/assets/Digital_Payment_Strategy_public_final_08.06_v02_ENG_final.pdf
https://coinmarketcap.com/community/articles/64d0c1c57eae630856e61209/