📢 Attention crypto enthusiasts! Taiwan Central Bank Chairman Yang Jinlong has emphasized that the development of a central bank digital currency (CBDC) is not a competition, but a constant progress. Although there is no set timeline for the issuance of the CBDC, the bank is conducting experiments to improve efficiency and innovation in domestic payments. 💰

The bank is also working on a prototype CBDC platform for retail payments, which can support digital coupon cash flow operations with transaction processing speeds of up to 20,000 TPS.

Additionally, the central bank is clarifying its stance on virtual assets, stating that Bitcoin and stablecoins are not part of the digital currency system.

What do you think of this news? Do you think CBDC adoption is the future of finance? Share your thoughts in the comments! 👇