Taiwan completes phase two CBDC trials with banks

- Central Banking Newsdesk
- 01 Jul 2022

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Taiwan’s central bank said on June 29 that it has completed the second phase of its central bank digital currency (CBDC) trials.

Yang Chin-Long, governor of the Central Bank of the Republic of China, said this phase of the CBDC trial had been conducted in a “closed loop” environment. The CBRC conducted the trial with five commercial lenders.

Yang said the central bank could take at least two years to overcome a number of challenges in creating a prototype CBDC, Reuters reported. It will have

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