The Central Bank of Kenya (CBK) has started a discussion about the possibility of using digital currency in Kenya.
The Central Bank of Kenya has published a discussion paper on its central bank digital currency , seeking public input on the potential benefits and risks and regulatory issues of introducing a CBDC in Kenya., the CBK has highlighted that using a CBDC might improve cross-border payments by making them more efficient and less expensive.
“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions, while it is difficult to quantify the benefits, CBDCs may have the potential to lead to efficiency gains by flattening the multi-layered correspondent banking structure and shortening the payment chains.”
The watchdog has given Kenyans until May 20 to submit their comments on the paper that examines the dangers and possibilities of CBDC, which has already been implemented in several nations worldwide, including Nigeria. The CBK will gather comments on the issue for 100 days through anPress release: Issuance of Discussion Paper on Central Bank Digital Currency for Public Comments. The Discussion Paper examines the applicability of a potential Central Bank Digital Currency in Kenya.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The wise counsel that can drive public-health research in KenyaFinding the right working culture is pays dividends when trying to juggle academia and parenthood in Africa.
Consulte Mais informação »
Zambia Explores Creating its Own Digital Currency After Bashing CryptoAfter criticizing bitcoin and the alternative coins, Zambia's central bank said it will complete its CBDC research by the year's end.
Consulte Mais informação »
Zambia's Central Bank to Explore CBDC Following Crypto Warning: ReportZambia's central bank is following the lead of several of its neighbors and exploring a central bank digital currency while warning its people off crypto. By JamieCrawleyCD
Consulte Mais informação »
Anchorage School Board asking public for budget ideasThe Anchorage School Board presented its preliminary budget for fiscal year 2023 last week. Now, it's asking the public for input. Here's how you can voice your opinion. MORE:
Consulte Mais informação »
School Districts Battle in Court for Changes in Education FundingDespite $190 billion in federal stimulus money flowing to school districts nationwide, districts are suing in several states to provide longer-term financial stability
Consulte Mais informação »
The wise counsel that can drive public-health research in KenyaFinding the right working culture is pays dividends when trying to juggle academia and parenthood in Africa.
Consulte Mais informação »