The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment ecosystem.” Central Bank Will ‘Continue to Monitor’ Need for a CBDC According to the Central Bank of Kenya (CBK), the allure of central bank digital currencies (CBDC) is fading and the implementation of such “may not be a priority in Kenya in the short to medium term.” However, in its recently published discussion paper on CBDCs, the bank said it will “continue to monitor developments” globally and “periodically assess the need for CBDC in Kenya.” Press Release – Issuance of Discussion Paper on Central Bank Digital Currency: Comments from the Public pic.twitter.com/dMlrUj2eD6 — Central Bank of Kenya (@CBKKenya) June 2, 2023 As reported by Bitcoin.com News in Feb. 2022, the CBK initially
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