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Taiwan central bank says it is working on digital currency, unclear on timetable

Channel News Asia LogoChannel News Asia1 mo ago

Taiwan central bank says it is working on digital currency, unclear on timetable

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TAIPEI : Taiwan's central bank is still working on its digital currency and while it's unclear when the scheme could roll out to the public it will push ahead with it, governor Yang Chin-long said on Wednesday.

After all, most of the young people in the future will use mobile phones, so we have to think about the next generation".

Taiwanese people are also accustomed to using cash, he added.


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Article Details

Category: Economy

Topics: Years Taiwan Countries Digital People Central Time Mediacorp Currency Yang Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 14:31:11

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 378 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 19753

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 47m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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