Peru central bank announced the launch of its own token

by in Cryptocurrency News

Peru

Many states have already announced plans to create national digital currencies (CBDCs).

In addition to the CBs of China and Sweden, many other regulators from Europe and Asia have issued a series of statements of intent over the past two years to introduce tokens pegged to fiat currencies.

The Reserve Bank of Peru has now joined them. Its head, Julio Velarde, said that his country also wants to present an innovative tool. The token can be used to pay for goods and services. The digital currency is being developed by the Peruvian authorities in partnership with the central banks of India, Singapore, and other countries.

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Note that the Central Bank of Peru and the government of this Latin American state have an extremely negative attitude towards Bitcoin and other cryptocurrencies.

The country's authorities urge citizens not to buy such assets because of their volatility and unmanageability. Peru may want to reduce the amount of citizens' investment in BTC by providing them with an alternative in the form of CBDC.