Taiwan central bank says no rush for CBDC launch (Cointelegraph)

The President of the Central Bank of the Republic of China (CBC), Yang Chin-long, said that developing a central bank digital currency (CBDC) is not a competition and that the central bank is focused on steady progress over speed. Yang said the central bank is conducting experiments in three scenarios to enhance domestic payment efficiency and innovation, retail and wholesale CBDC and the application of tokenization technology to digitally transform wholesale CBDC and commercial bank currency, supporting various asset tokens. The CBRC is also conducting proofs-of-concept and collaborating with participating banks to build a common platform for tokenization. [Read more at the CBC]

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