Reserve Bank exploring the use of a digital currency
Finance minister Tito Mboweni says numerous other central banks are considering the possibility
24 October 2019 - 20:15
The Reserve Bank is exploring the benefits and risks of issuing a central bank digital currency (CBDC), which would essentially be the equivalent of digital cash, finance minister Tito Mboweni said on Thursday.
The Reserve Bank’s CBDC project, which mirrors those being undertaken by numerous other central banks, is now in a “request for proposal (RFP) phase”...
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