Taiwan: Central bank says no timetable for launching digital currency

Source: Reuters

“Taiwan’s central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be ‘huge and complex,’ but it will hold public hearings on the matter next year to spread knowledge. Taiwan’s central bank has been working on a pilot for a government-run digital currency, to allow people to use a digital wallet and make payments without using a debit or credit card. … Given the currency’s launch will affect many people it is necessary to widely communicate about it, and public hearings and forums will happen next year to promote knowledge of the currency, the bank said, ahead of its governor Yang Chin-long taking lawmaker questions on Monday.” (07/07/24)