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Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

Coin Telegraph LogoCoin Telegraph1 mo ago

Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

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"Neither of the current CBDCs in circulation, such as the Sand Dollar and the Digitial Yuan, accrue interest on deposits," said Yang.

"The ratio of electronic payments as a % of all payments in Taiwan has risen from 40% in 2017 to 60% in Q1 2022.

Another point of concern is the lost functionality of the payment solution in the event of power outages.


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Article Details

Author / Journalist: Cointelegraph By Zhiyuan Sun

Category: Crypto

Topics: Taiwan CBDC DLT Cryptocurrencies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 18:30:00

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 292 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 20804

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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