Hungary seems less excited than some of its neighbors about issuing a central bank digital currency, but MNB_Hungary is still exploring possibilities for a digital forint. jackschickler reports.
Hungary sees no urgent need for a widely available central bank digital currency but is experimenting to see if one could help the unbanked, a senior official said on Wednesday.
In principle, as a European Union member, Hungary is obliged to join the euro but has not appeared in any great rush to set a date for abandoning its own currency, the forint. Many European authorities, including central banks responsible for the pound, euro and Swedish krona, are actively exploring whether to issue their currencies in digital form. The European Central Bank is due later this year to decide whether to start developing a digital euro, and in the U.K.
But, she added, “we are also exploring the possibilities for issuing a central bank digital currency” via a series of pilots, and “would like to remain in the forefront of CBDC research.
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