CBDC ‘may not be a compelling priority,’ says Kenya’s central bank By Cointelegraph

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 companies and different members throughout 9 nations relating to the issuance of a central financial institution digital foreign money, or CBDC. The responses assorted from highlighting potential advantages and dangers, however the central financial institution mentioned it might “proceed to observe developments” and take a “measured strategy” to think about assessing the rollout of a digital shilling sooner or later.

Proceed Studying on Coin Telegraph