In a significant move within the cryptocurrency landscape, the South African Reserve Bank (SARB) has announced it will delay the implementation of a retail central bank digital currency (CBDC). This decision, despite global enthusiasm for digital currencies, reflects a focus on more immediate benefits and strategic considerations. The SARB released a comprehensive report outlining its digital currency strategy and outlined why they are choosing to prioritize wholesale CBDC development over retail at this stage. The central bank believes existing payment systems adequately meet most consumer needs and that investing in wholesale applications will provide tangible benefits sooner, allowing for expertise to be built before launching a retail-focused CBDC.