Chile puts CBDC plans on hold until end of 2022 to undertake more analysis -Breaking
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Chile suspends CBDC Plans Until 2022 in order to conduct more researchA digital Chilean peso is being delayed by the Central Bank of Chile (CBDC). This was due to a deep analysis of its benefits and potential risks. The Central Bank of Chile promised a new report at the end of 2018.
Report from the bank published on May 11 included a preliminary evaluation of a Chilean CBDC and explored the country’s current payment system along with the benefits, risks, and principles of issuing a digital peso.
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