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

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Description

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.

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Scope

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

Complete timeline of this policy change

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2021-05-25
under deliberation

On 25 May 2021, the South African Reserve Bank (SARB) announced it had initiated a study to analyse…