Taiwan central bank starting wholesale CBDC trials, but not in a rush to launch

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The post Taiwan central bank starting wholesale CBDC trials, but not in a rush to launch appeared first on CoinGeek.

Yang said the central bank is exploring the benefits a wCBDC can provide at this point.

Yang also stated that being the first to introduce a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not all seen the desired outcome, according to a July 7 report by local publication UDN.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaChinaHong KongIndiaIsraelQatarSingaporeTaiwan

Topics: Business Purpose Bound Money Central Bank of the Republic of China (Taiwan) Yang Chin-long Wholesale CBDC Central Bank Digital Currency Taiwan Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 07:00:41 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 840 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21622323

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