Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
Summary
The Central Bank of the Republic of China in Taiwan has completed a technical study of a wholesale central bank digital currency (CBDC), said Deputy Governor Chu Mei-lie. The bank will now conduct surveys to gather feedback to improve the CBDC platform's design. Central banks worldwide are examining CBDCs' potential for interbank and retail payments. Chu stated that CBDCs could form the "operational basis for tokenization" but warned that this could carry risks for financial stability, consumer protection, anti-money laundering, and market integrity. She suggested financial supervision agencies consider regulatory measures in response to the trend of tokenization.
