Taiwan's Central Bank Holds Public Hearings for Government-Backed Digital Currency Initiative
Sunday, 7 July 2024, 06:48
Taiwan Central Bank Delays Digital Currency Launch
Taiwan's central bank is facing challenges in the development of a digital currency, leading to a delay in the launch without a fixed timeline.
Complexities Discussed in Public Hearings
- No Set Timeline: The central bank has emphasized the absence of a specific launch schedule for the digital currency.
- Research and Experimentation: Continuous efforts are being made to enhance payment systems through innovative applications.
- Improving Efficiency: The bank aims to streamline processing efficiency to facilitate the adoption of digital payments.
While the central bank is actively exploring the implementation of a government-backed digital currency, progress remains contingent on addressing complexities and soliciting public input.
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