The introduction of a central bank digital currency is still a few years away, says deputy governor Kuben Naidoo
Reserve Bank deputy governor Kuben Naidoo. Picture: SINO MAJANGAZA
However, regulation of crypto assets is in the offing and might come into force within nine to 15 months, he said. China’s digital yuan project is the most advanced among large economies, though central banks from the eurozone to the US are in varying stages of research into digital currencies.SA has conducted small-scale experiments with a wholesale digital currency and participated in a cross-border pilot with the central banks of Malaysia, Australia and Singapore.
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