Chile's Central Bank Postpones Its CBDC Plans

Chile's central bank has postponed its plans for CBDC, saying the issuance of a digital Chilean peso requires a more in-depth analysis of its benefits and risks and promising to issue a new report by the end of 2022. A report released by the bank on May 11 includes a preliminary assessment of Chile's CBDC and looks at the country's current payment system and the benefits, risks and principles of issuing a digital peso. The bank said that while the current payments system works well and is well adapted to recent challenges, "the CBDC will help achieve a competitive, innovative and integrated payments system that is inclusive, resilient and protects people's information."
Source

Policy and Regulation

Related News
Daily Market Wrap | Oct. 28 Daily Market Wrap | Oct. 28
Daily Market Wrap | Oct. 27 Daily Market Wrap | Oct. 27
Daily Market Wrap | Oct. 24 Daily Market Wrap | Oct. 24
Daily Market Wrap | Oct. 23 Daily Market Wrap | Oct. 23
Daily Market Wrap | Oct. 22 Daily Market Wrap | Oct. 22
Latest News More More
Oct 21 Daily Market Wrap | Oct. 21
Oct 20 Daily Market Wrap | Oct. 20
Oct 17 Daily Market Wrap | Oct. 17
Oct 16 Daily Market Wrap | Oct. 16
Oct 15 Daily Market Wrap | Oct. 15
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open