Taiwan Central Bank Postpones Digital Currency Launch Indefinitely

Sunday, 7 July 2024, 06:48

Taiwan's central bank has announced a delay in launching a digital currency without a specific timeline, citing the immense complexity of the project. The bank will conduct public hearings next year to educate the public on the initiative. Despite the lack of a launch date, ongoing research and advancements aim to enhance payment system efficiency and innovation.
Yahoo Finance
Taiwan Central Bank Postpones Digital Currency Launch Indefinitely

Taiwan Central Bank Digital Currency Update

Key Points:

  • Taiwan's central bank postpones digital currency launch
  • No specific timetable determined
  • Focus on improving payment system efficiency through research and experimentation
  • Plan to conduct public hearings for knowledge dissemination
  • Goal to develop government-run digital currency for contactless payments

Despite the delay, the Taiwan central bank remains committed to advancing financial technology and enhancing payment methods for its citizens.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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