Chile Central Bank Governor Rosanna Costa said the CBDC needs to be carefully analyzed before it can be integrated into the country’s financial ecosystem.
The Central Bank of Chile delayed the launch of the CBDC, stating that additional research and analysis would be carried out.
The country’s central bank released a report focusing on the CBDC, addressing the potential risks and benefits. Apparently, the bank is optimistic that such a product can protect the consumer.
“A CBDC will contribute to the achievement of an inclusive, flexible, competitive, innovative and integrated payment system that protects people’s information”
In addition, the bank argued that CBDC could be a viable alternative to cryptocurrencies such as Bitcoin that could be used in criminal activities.
Despite all these positive comments, the bank has stepped back from its intention to launch a CBDC by the end of 2022. President Costa stated that before it can be integrated into the country’s financial network, it must be worked both online and offline.
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