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Taiwan CBDC

Research

Taiwan

Central Bank(s)

The Central Bank of Taiwan

Announcement Year

2020

Status

Research

Retail/Wholesale

Retail, Wholesale

Description

Taiwan: In a press release in June 2020 following the Board of Governors meeting, the Central Bank of Taiwan noted that the focus for CBDC has shifted from wholesale to retail applications recently in many countries and that it plans to approach CBDC research in phases: starting with retail CBDC in the first half of 2020 and moving to wholesale CBDC in the third quarter of 2020. The Central Bank of Taiwan has established a working group, in partnership with academic institutions, to explore the technical viability of a DLT-based retail CBDC. It also plans to work with private partners to research a two-tiered wholesale CBDC.

Link to announcement

Timeline

Last update: December 2023

December 2023

Status updated

Proof of concept Research

Updated data

Retail/Wholesale: Retail Retail, Wholesale

Link to announcement: www.cbc.gov.tw

June 2022

Updated data

Link to announcement: forkast.news

March 2022

Status updated

Research Proof of concept

Updated data

Link to announcement: www.pymnts.com

June 2020

Status updated

None Research

Added data

Announcement Year: 2020

Retail/Wholesale: Retail

Description: Taiwan: In a press release in June 2020 following the Board of Governors meeting, the Central Bank of Taiwan noted that the focus for CBDC has shifted from wholesale to retail applications recently in many countries and that it plans to approach CBDC research in phases: starting with retail CBDC in the first half of 2020 and moving to wholesale CBDC in the third quarter of 2020. The Central Bank of Taiwan has established a working group, in partnership with academic institutions, to explore the technical viability of a DLT-based retail CBDC. It also plans to work with private partners to research a two-tiered wholesale CBDC.

Link to announcement: www.cbc.gov.twnews.bitcoin.com

Country / Region: Taiwan

Central Bank(s): The Central Bank of Taiwan