According to Gerhard van Deventer, the South African central bank is 'currently progressing with an internal project to consider the way forward.' cbdc cryptoassets
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025
To achieve this, the SARB and its partners have conducted experiments whose objective was to understand and identify the risks as well as the benefits of distributed ledger technology . Project Khokha and Project Khokha 2 are among theIn one of the experiments, the SARB is said to havea general-purpose retail central bank digital currency . The South African central bank similarly explored wholesale and multi-CBDCs and according to Deventer, the bank is now interested in finding a way forward.
Tshabalala noted however that questions still remain about the role of central banks should CBDCs become widely used. He said:
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