CBDC ‘is probably not a compelling precedence,' says Kenya’s central financial institution

The Central Financial institution of Kenya acquired feedback on a dialogue paper on the potential issuance of a digital shilling and hasn’t reached a definitive conclusion.

In a June 2 announcement on Twitter, Kenya’s central financial institution stated it acquired greater than 100 feedback from members of the general public, business banks, tech companies and different individuals throughout 9 nations concerning the issuance of a central financial institution digital forex, or CBDC. The responses different from highlighting potential advantages and dangers, however the central financial institution stated it might “proceed to observe developments” and take a “measured method” to contemplate assessing the rollout of a digital shilling sooner or later.

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