Taiwan's Central Bank to Accelerate CBDC Discussions in 2023

IconCryptoNewsTerminal Staff08 Jul, 2024

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Taiwan's Central Bank to Accelerate CBDC Discussions in 2023

Taiwan's central bank is set to ramp up its exploration of a central bank digital currency (CBDC) in the coming year. The bank plans to host public hearings and establish a development platform for the digital currency. Taiwan has been researching CBDCs since 2019 and has already completed the second phase of testing. The bank emphasizes that its CBDC research does not include cryptocurrencies or stablecoins, which are considered separate digital currency systems.