Sarb announces ‘CBDC feasibility project’

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Elske Photography

The South African Reserve Bank has invited bids from private companies to develop the infrastructure necessary for a central bank digital currency, or CBDC.

The Sarb published the tender notice on May 14. It said the CBDC should be electronic legal tender, effectively performing the same function as cash. The notice specifies that the trial digital currency must only be issued by the Sarb, should have a one-to-one parity with the rand, and should be accepted by all sizes of business and the

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