Kuwait CBDC

Research

Kuwait

Central Bank(s)

Central Bank of Kuwait

Announcement Year

2019

Status

Research

Retail/Wholesale

Retail

Technology Provider

AkCess

Technology

Hyperledger Fabric

Main motivation/goals of the CBDC

The bank is researching CBDC and stated that any such issuance would need to be accomplished in a way that preserves monetary and financial stability, while maintaining confidence in Kuwait’s payment system.

Link to announcement

www.kfh.com

Timeline

Last update: April 2023

April 2023

Added data

Technology Provider: AkCess

Technology: Hyperledger Fabric

Main motivation/goals of the CBDC: The bank is researching CBDC and stated that any such issuance would need to be accomplished in a way that preserves monetary and financial stability, while maintaining confidence in Kuwait’s payment system.

September 2019

Status updated

None Research

Added data

Announcement Year: 2019

Retail/Wholesale: Retail

Link to announcement: www.kfh.com

Country / Region: Kuwait

Central Bank(s): Central Bank of Kuwait

News

No recent news found for this currency.