{"id":29199,"date":"2023-05-03T10:28:58","date_gmt":"2023-05-03T10:28:58","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023"},"modified":"2023-05-03T11:11:52","modified_gmt":"2023-05-03T11:11:52","slug":"bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023","title":{"rendered":"Bank of Mauritius to start CBDC Pilot Phase in November 2023"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Harvesh Kumar Seegolam, Bank of Mauritius Governor has announced that the country will start the pilot phase for its CBDC by November 2023. Also referred to as the digital rupee, the CBDC has all its requirements set in place according to the Governor.<\/p>\n

Seegolam announced this while addressing the audience at the International Monetary Fund\/World Bank Community of Central Bank technologists meeting. \u201cAs a central banker, I need not stress upon the determining role that CBDCs can play, not only in protecting monetary sovereignty but also in assisting central banks and regulatory authorities on the front of AML\/CFT,\u201d Seegolam commented.<\/p>\n

In 2021, Mauritius announced its intention of exploring a CBDC, however, Seegolam highlighted the challenges it poses to central bankers which include: security, compliance, and privacy.<\/p>\n

The Governor noted that the IMF has contributed to the country\u2019s digital rupee progress in terms of consultation, the creation of feasibility reports, and technical support.<\/p>\n

According to Seegolam, the digital Rupee should b made readily available and intermediated so that Mauritius commercial banks can be totally involved in the country\u2019s CBDC journey.<\/p>\n

The Bank of Mauritius central bank has partnered with unnamed bodies for a sandbox to tailor the country\u2019s digital currency to its citizen\u2019s needs. Since 2019, Mauritius has been on blockchain technology use cases, including digital asset custody licensing regulation and security token offerings Seegolam has hinted that the digital Rupee will be interest-free.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Harvesh Kumar Seegolam, Bank of Mauritius Governor has announced that the country will start the pilot phase for its CBDC by November 2023. Also referred to as the digital rupee, the CBDC has all its requirements set in place according to the Governor. Seegolam announced this while addressing the audience at the […]<\/p>\n","protected":false},"author":84,"featured_media":29198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,245,373,241],"class_list":["post-29199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-mauritius","tag-bank","tag-mauritius"],"yoast_head":"\nBank of Mauritius to start CBDC Pilot Phase in November 2023 - Mauritius<\/title>\n<meta name=\"description\" content=\"Harvesh Kumar Seegolam, Bank of Mauritius Governor has announced that the country will start the pilot phase for its CBD ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Mauritius to start CBDC Pilot Phase in November 2023\" \/>\n<meta property=\"og:description\" content=\"Harvesh Kumar Seegolam, Bank of Mauritius Governor has announced that the country will start the pilot phase for its CBD ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T10:28:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-03T11:11:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/05\/postQueueImg_1683093864.06.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bank of Mauritius to start CBDC Pilot Phase in November 2023\",\"datePublished\":\"2023-05-03T10:28:58+00:00\",\"dateModified\":\"2023-05-03T11:11:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/05\/postQueueImg_1683093864.06.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Bank\",\"Mauritius\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/bank-of-mauritius-to-start-cbdc-pilot-phase-in-november-2023\",\"name\":\"Bank of Mauritius to start CBDC Pilot Phase in November 2023 - 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