CBDC not a priority for Kenya, central bank says
The bank issued a discussion paper a year ago, and after assessing the feedback, it says Kenya can solve its payment issues in other ways and doesn’t need a CBDC.
The bank issued a discussion paper a year ago, and after assessing the feedback, it says Kenya can solve its payment issues in other ways and doesn’t need a CBDC.
The CBK governor believes that central banks must address their financial challenges directly before launching a digital currency as it risks exacerbating them.