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South Africa Shelves Retail CBDC Plan, Prioritizes Modernizing Existing Payment Systems News ETHNews
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South Africa Shelves Retail CBDC Plan, Prioritizes Modernizing Existing Payment Systems News ETHNews
South Africa’s central bank has stepped back from launching a retail central bank digital currency (CBDC), concluding that the country does not currently need one. In a position paper released on November 27, 2025, the South African Reserve Bank (SARB) said it will instead focus its resources on upgrading the national payments ecosystem and expanding access for non-bank financial players. SARB Finds Retail CBDC Feasible, But Not Necessary The ce…
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