Report: Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC

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Report: Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC

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Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said.

According to the report, the governor also conceded that the entire process may last more than the anticipated two-year period.

After all, most of the young people in the future will use mobile phones, so we have to think about the next generation,” Yang is quoted in the report explaining.

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Article Details

Author / Journalist: Terence Zimwara

Category: Crypto

Topics: Taiwan central bank Yang Chin-long Central bank digital currency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 06:30:46

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 2 minutes read

Article Length: 292 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 22329

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Update Frequency: 15 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 10h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #62

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