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South Africa: South African Reserve Bank (SARB) Feasibility Study for a General-Purpose Retail Central Bank Digital Currency (CBDC)

Progress

Current status
under deliberation
25 May 2021 under deliberation

Scope

Implementers
South Africa
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

25 May 2021
under deliberation

Launched Feasibility Study for a general-purpose retail central bank digital currency

On 25 May 2021, the South African Reserve Bank (SARB) announced it had initiated a study to analyse the feasibility of a central bank digital currency (CBDC) as electronic legal tender for general-purpose retail use, complementary to cash.

Source
Event type outline
Action type announcement
Government branch executive
Government body central bank

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