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Central Bank of Kenya seeks public input on potential CBDC -Breaking

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A discussion paper has been published by the Central Bank of Kenya (CBK), which seeks public input about potential risks and regulatory concerns of creating a CBDC.

In the following: StatementCBK has suggested that the use of a CBDC could improve cross-border payment efficiency and cost effectiveness. In a paper examining the future of digital currencies, the regulator states that CDBC can reduce the complexity and lengthen the payment chain.