Taiwan Advances CBDC Development, unveils prototype

Taiwan’s central bank has made significant strides in its central bank digital currency (CBDC) research, revealing a prototype platform.

According to a recent report by a local news outlet, the central bank’s plans to conduct multiple hearings and forums in the coming year to further its CBDC study and development. Central Bank Governor Chin-Long Yang emphasized in a recent research report that developing a digital currency is not a race among nations.

The bank has not set a definitive timeline for CBDC issuance...