CBDC ‘might not be a compelling precedence,' says Kenya’s central financial institution

The Central Financial institution of Kenya obtained 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 mentioned it obtained greater than 100 feedback from members of the general public, industrial banks, tech corporations and different members throughout 9 nations concerning the issuance of a central financial institution digital forex, or CBDC. The responses assorted from highlighting potential advantages and dangers, however the central financial institution mentioned it will “proceed to observe developments” and take a “measured strategy” to think about assessing the rollout of a digital shilling sooner or later.

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