Kyrgyzstan Says Yes to Central Bank Digital Currency — Starts Testing “Digital Som”

BitcoincomNews
CLEAR-10%

While countries like the U.S. and others in Asia are still thinking about the issuance of CBDC, Kyrgyzstan has taken a clear step forward. The country has approved a pilot project for its own digital money called the digital som. This new version of the national currency will be treated as legal tender if the CB goes ahead with issuing a CBDC.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments