Chile’s central bank will explore the possibility of issuing CBDC

by in Cryptocurrency News

Chile

The President of the Central Bank of Chile, Mario Marcel, spoke about plans to form a team to explore the possibilities of digital currencies of national banks (CBDC).

In the first quarter of 2022, the group will present a document with information on strategic goals, development rules, and expected results of CBDC implementation.

The team also plans to develop a medium-term digital payments strategy in Chile. The project will be led by a member of the Board of the Central Bank Alberto Naudon.

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The development of the CBDC is facing challenges such as lending, financial stability, and privacy, according to a statement from Chile’s central bank.