This week, the Central Bank of Kenya presented the results of its central bank digital currency (CBDC) consultation. The country is uninterested in issuing an e-Shilling in the near future but remains open to CBDC developments that could change the current payment landscape.
Feedback indicates that CBDCs are seen as potentially positively impacting financial inclusion and cross-border transactions.
The consultation followed the central bank’s discussion paper published last year, exploring the viability of a future CBDC.
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