The National Bank of Georgia has declared that it is capable of issuing a proprietary digital currency of the Central Bank (CBDC).
</p>On Wednesday, the Central Bank reported CBDC asa way to "improve the efficiency of the internal payment system and financial accessibility." The statement says that the financial regulator will invite financial companies and other financial institutions to participate in the project called "Digital gel"
“CBDC is able to expand the enormous value of innovative business models for the benefit of the community,” says the statement.
The introduction of CBDC can increase the efficiencyfinancial services, will help to introduce new financial technologies, simplify access to financial services and leave the charm for which parallels were unavailable.
At the same time, the Bank of Georgia mentioned the possibleRisks when starting CBDC due to "new and potentially revolutionary technology". The regulator has declared that it can carry out extensive testing of CBDC in a controlled environment to ensure a smooth development, run, run back
Gruzia, a country with an insertion of about 4 milliona person and a gross domestic product of about $ 15 billion, went to a small number of countries studying CBDC. For example, Bagams officially introduced the digital currency of the central bank Sand Dollar in October 2020. China tests its digital yuan in large cities of the country before a full-scale launch.
The representative of the Central Bank of Russia Olga Skopobogatova declared otesting the digital ruble throughout 2022. This week in the United States, Accenture announced that it will be working with the Digital Dollar Foundation to conduct CBDC trials.
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