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Cryptocurrency News

Chile puts CBDC plans on hold until end of 2022 to undertake more analysis

05/12/2022

Less than a minute

2022.05.12 06:28

The Central Bank of Chile has delayed its plans for a central bank digital currency (CBDC) saying the issuance of a digital Chilean peso requires a deeper analysis of the benefits and risks, promising a new report towards the end of the year.

A report from the bank published on May 11 included a preliminary evaluation of a Chilean CBDC and explored the country’s current payment system along with the benefits, risks, and principles of issuing a digital peso.

Source

05/12/2022

Less than a minute