The South African Reserve Bank headquarters, Pretoria
The South African Reserve Bank (Sarb) has said it will not be pursuing a retail central bank digital currency, and will instead focus its efforts on fast payments and a wholesale CBDC.
In a position paper published on November 27, the central bank concluded that although a retail CBDC was “technically feasible”, there was “no compelling immediate need for its implementation”.
The Sarb had commissioned a feasibility study for a retail CBDC back in 2021. Over 10 months it investigated two models
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
by :
Source link
