by: xpoolPosted on:

South Africa Delays Central Bank Digital Currency Implementation

The South African Reserve Bank (SARB) has ruled out the immediate adoption of a retail central bank digital currency (CBDC). Instead, they advocate focusing on modernizing existing payment systems and boosting participation in the national payment system from non-bank institutions. Their paper released on Thursday highlighted that while technically feasible, no strong need for a retail CBDC exists at this time.

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