{"id":3152,"date":"2021-09-09T06:11:07","date_gmt":"2021-09-09T06:11:07","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/the-bank-of-mauritius-is-aiming-to-launch-a-central-bank-digital-currency-cbdc-by-the-end-of-this-year-coindesk-reported"},"modified":"2021-09-09T06:11:07","modified_gmt":"2021-09-09T06:11:07","slug":"the-bank-of-mauritius-is-aiming-to-launch-a-central-bank-digital-currency-cbdc-by-the-end-of-this-year-coindesk-reported","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/the-bank-of-mauritius-is-aiming-to-launch-a-central-bank-digital-currency-cbdc-by-the-end-of-this-year-coindesk-reported","title":{"rendered":"The Bank of Mauritius is aiming to launch a central bank digital currency (CBDC) by the end of this year, CoinDesk reported."},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/mauritius\">Mauritius<\/a>. <\/strong><\/span>\u201cCBDCs will be here to complement, and to address gaps that the traditional monetary system is not able to fulfill,\u201d said Bank of Mauritius Governor Harvesh Seegolam, speaking at CoinDesk\u2019s Consensus 2021.<\/p>\n<p>Globally, central banks are looking into the possibility of digitizing their fiat currencies. However, there are still issues surrounding compliance, security and privacy.<\/p>\n<p>The panel encompassed OECD Director Greg Medcraft and Loretta Joseph, a FinTech advisor with the financial services commission of Mauritius, per CoinDesk.<\/p>\n<p>\u201cI believe that in most countries, it will be optional whether a person chooses to actually use a CBDC,\u201d Medcraft predicted, adding that \u201cstablecoins and state-issued CBDCs\u201d can possibly work side-by-side.<\/p>\n<p>Seegolam noted that Mauritius has been in discussions with the International Monetary Fund (IMF) regarding how to design a CBDC. He also told CoinDesk that a major concern among central banks when considering issuing digital fiat is financial inclusion.<\/p>\n<p>Norway is eyeing a central bank digital currency, and Norges Bank Governor Oystein Olsen has said that exploring the new currency and its pros and cons is a priority in the region.<\/p>\n<p>Meanwhile, the National Bank for the Republic of Kazakhstan said it plans to call its new digital coin the &#8220;digital tenge. &#8221;<br \/>\nInvestors and central banks are now paying close attention to the volatile crypto market.<\/p>\n<p>Smaller nations are said to be venturing into CBDCs before the heavyweights step in. The Eastern Caribbean Central Bank (ECCB) launched DCash \u2014 a \u201csecurely minted digital version\u201d of the Eastern Caribbean dollar \u2014 and the Central Bank of the Bahamas introduced the Sand Dollar.<\/p>\n<p>About: Eighty percent of consumers are interested in using nontraditional checkout options like self-service, yet only 35 percent were able to use them for their most recent purchases.<\/p>\n<p>Today\u2019s Self-Service Shopping Journey, a PYMNTS and Toshiba collaboration, analyzes over 2,500 responses to learn how merchants can address availability and perception issues to meet demand for self-service kiosks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. \u201cCBDCs will be here to complement, and to address gaps that the traditional monetary system is not able to fulfill,\u201d said Bank of Mauritius Governor Harvesh Seegolam, speaking at CoinDesk\u2019s Consensus 2021. Globally, central banks are looking into the possibility of digitizing their fiat currencies. However, there are still issues surrounding compliance, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":3151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,245,373,241],"class_list":["post-3152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mauritius","tag-bank","tag-mauritius"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Bank of Mauritius is aiming to launch a central bank digital currency (CBDC) by the end of this year, CoinDesk reported. - Mauritius<\/title>\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\/the-bank-of-mauritius-is-aiming-to-launch-a-central-bank-digital-currency-cbdc-by-the-end-of-this-year-coindesk-reported\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bank of Mauritius is aiming to launch a central bank digital currency (CBDC) by the end of this year, CoinDesk reported.\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Mauritius. \u201cCBDCs will be here to complement, and to address gaps that the traditional monetary system is not able to fulfill,\u201d said Bank of Mauritius Governor Harvesh Seegolam, speaking at CoinDesk\u2019s Consensus 2021. Globally, central banks are looking into the possibility of digitizing their fiat currencies. 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