The central bank said that it may test a CBDC prototype via the digital ministry’s digital voucher system at year-end or early next year.
Taiwan may start to test a central bank digital currency prototype as soon as the end of this year, the central bank said today.
Chin-Long Yang, governor of Taiwan’s central bank, said at a briefing at the parliament on Wednesday that the central bank plans to collaborate with the Ministry of Digital Affairs on the CBDC prototype that could be integrated into the digital ministry’s digital voucher platform. The Taiwanese government has previously issued stimulus vouchers to boost consumption.
While Yang explained that there’s no fixed timeline for CBDC pilots or issuance, another central bank official — in response to a lawmaker’s question — said that it may start CBDC prototype testing for the digital voucher system at the end of this year or early next year.
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