Belarus jumps on the CBDC bandwagon looking for easier cross-border transactions.
The National Bank of the Republic of Belarus has prepared a pilot program for a central bank digital currency , according to the official BelTA news agency. The country will make a decision on the issuance of a digital Belarusian ruble by the end of the year, chairman of the national bank Pavel Kallaur“By the end of the year, after discussions and consultations, we should determine the possibility and feasibility of introducing a digital ruble in our country,” Kallaur said.
If the project goes ahead with creating a Belarusian CBDC, there will be a pilot program that will “experiment with a narrow range of participants – banks and individuals.” Kallaur said, “We are working on setting up a demo version, a platform to try it [a CBDC] out.” He added: “We will look at the experience of the Russian Central Bank, to learn from their mistakes and not make our own.”
Kallaur noted that the introduction of a CBDC would require changes to the civil code, banking and tax codes, and the national budget. Frappé en 2017 par la National Bank of the Republic of Belarus, ce rouble commémoratif combine à la fois élégance, esthétique et finesse avec son design moderne agençant diverses gravures de la... LIRE LA SUITE :
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