The Central Financial institution of Kenya obtained feedback on a dialogue paper on the potential issuance of a digital shilling and didn’t come to a agency 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, expertise firms and different individuals from 9 international locations relating to the issuance of a central financial institution digital foreign money, or CBDC. Responses ranged from highlighting potential advantages and dangers, however the central financial institution mentioned it might “proceed to watch developments” and take a “measured strategy” to contemplate evaluating the rollout of a digital shilling. sooner or later.
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