CoinOtag
2025-11-28 04:13:27

South African Reserve Bank Eyes Wholesale CBDC Over Retail, Flags Crypto Risks

The South African Reserve Bank has determined there is no strong immediate need for a retail central bank digital currency (CBDC) in South Africa, prioritizing payments system modernization and exploring wholesale CBDC uses for cross-border efficiency instead. SARB's paper highlights technical feasibility but emphasizes existing initiatives over retail CBDC deployment. Focus shifts to wholesale applications [...]

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