HomeCoinsLibra (LIBRA)The Financial institution of Ghana intends to pilot a central financial institution...

The Financial institution of Ghana intends to pilot a central financial institution digital foreign money

- Advertisement -


The primary deputy governor on the central financial institution of Ghana affirmed that the financial institution is dedicated to piloting a central financial institution digital foreign money.

Dr. Maxwell Opoku-Afari, the primary deputy governor of the Financial institution of Ghana (BoG) spoke at a digital stakeholder workshop on fee techniques and companies to disclose the establishment’s future plans.

Ghana to pilot a central financial institution digital foreign money

Dr. Opoku-Afari stated that the financial institution nonetheless intends to advertise improvements and experiment with new ideas similar to a central financial institution digital foreign money (CBDC).

The financial institution has established a Fintech and Innovation Workplace to advertise the event of the funds sector and has tailored its organizational construction to cater to the necessity of the ever-changing trade.

Dr. Opoku-Afari assured that regardless of the introduction of insurance policies to help the expansion of digital money funds, the financial institution nonetheless intends to pilot a CBDC.

Earlier announcement

Ghana had introduced its curiosity in a CBDC within the second half of 2019. On the time, the financial institution’s governor Ernest Addison acknowledged that the financial institution was working with main stakeholders to discover a central financial institution digital foreign money.

Addison revealed that the challenge will probably be performed in a sandbox with “the potential for issuing an e-cedi sooner or later.” It wasn’t clarified whether or not the challenge will probably be designed on blockchain know-how.

Race for a CBDC

The race for a CBDC started after Fb’s announcement of its Libra stablecoin challenge. Since then, many countries have expressed their curiosity within the sector whereas a couple of nations have introduced the event of 1.

China is at the moment main the race with the event of its Digital foreign money Digital Funds (DCEP).



Supply

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,581FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 42,924.00
ethereum
Ethereum (ETH) $ 2,973.60
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 329.20
litecoin
Litecoin (LTC) $ 127.11
eos
EOS (EOS) $ 2.43
okb
OKB (OKB) $ 21.50
tezos
Tezos (XTZ) $ 4.19
leo-token
LEO Token (LEO) $ 5.94
cardano
Cardano (ADA) $ 1.08
monero
Monero (XMR) $ 174.34
stellar
Stellar (XLM) $ 0.223388
chainlink
Chainlink (LINK) $ 16.34
huobi-token
Huobi Token (HT) $ 9.97
tron
TRON (TRX) $ 0.064514
usd-coin
USD Coin (USDC) $ 0.999618
dash
Dash (DASH) $ 106.28
neo
NEO (NEO) $ 22.02
iota
IOTA (MIOTA) $ 0.895731
nem
NEM (XEM) $ 0.110395
zcash
Zcash (ZEC) $ 122.29
maker
Maker (MKR) $ 2,029.29
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 32.46
vechain
VeChain (VET) $ 0.058797
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 44.77
kucoin-shares
KuCoin Token (KCS) $ 19.24
waves
Waves (WAVES) $ 9.85