Central Bank: No plans to adopt cryptocurrency for now
THE Central Bank is not currently interested in cryptocurrency. Its deputy governor Dr Dorian Noel said this country does not have the legislative framework or technological infrastructure to consider it. He was responding to questions from the public during the banks presentation of its 2021|2022-2025|2026 strategic plan on Tuesday morning. It was held virtually. Cryptocurrency is an electronic, decentralised currency system that puts trust in consumers as opposed to a central authority. The most widely known form of cryptocurrency is bitcoin, but there are several others including litecoin, cardano and ethereum. Recently, El Salvador became the first country to make bitcoin, specifically, legal tender. Someone asked, Does the Central Bank intend to include cryptocurrencies like Bitcoin on the balance sheet to assist with the current remittance challenges we face similar to the way El Salvador is embracing bitcoin? Noel said the bank has taken note of recent developments in the international environment related to cryptocurrency but At this time, the answer is no.
Central Bank: No plans to adopt cryptocurrency for now
THE Central Bank is not currently interested in cryptocurrency. Its deputy governor Dr Dorian Noel said this country does not have the legislative framework or technological infrastructure to consider it. He was responding to questions from the public during the banks presentation of its 2021|2022-2025|2026 strategic plan on Tuesday morning. It was held virtually. Cryptocurrency is an electronic, decentralised currency system that puts trust in consumers as opposed to a central authority. The most widely known form of cryptocurrency is bitcoin, but there are several others including litecoin, cardano and ethereum. Recently, El Salvador became the first country to make bitcoin, specifically, legal tender. Someone asked, Does the Central Bank intend to include cryptocurrencies like Bitcoin on the balance sheet to assist with the current remittance challenges we face similar to the way El Salvador is embracing bitcoin? Noel said the bank has taken note of recent developments in the international environment related to cryptocurrency but At this time, the answer is no.