The Chilean central bank withdrew its plans to release a CBDC by the end of 2022, saying it will conduct thorough research and additional analysis on the product before moving to its launch.
Digital Peso Should Wait
Banco Central de Chile published a report focused on the country’s current monetary network and examined the risks and benefits of issuing a digital version of its national currency. By the looks of it, the central bank is optimistic about such a financial product, believing it could strengthen the economic system and ensure consumer protection:
“A CBDC would contribute to achieving a competitive, innovative and integrated payment system that is inclusive, resilient and protects people’s information.”
The bank further argued that the Chilean peso could be an appropriate alternative to cryptocurrencies like bitcoin, which according to the institution, could be employed in criminal operations:
“The issuance of a CBDC is also a good alternative to face the challenges
We współpracy z: https://cryptopotato.com/chiles-cbdc-should-operate-both-online-and-offline-before-launch/
