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Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

As reported by local news outlet bnext.com on Wednesday, Chin-long Yang, governor of the Central Bank of the Republic of China (Taiwan), recommended a no-interest design for the country’s central bank digital currency, or CBDC, pilot. In explaining the decision, Yang said that a CBDC where interest is paid on…