Media: Peru is preparing to develop a national cryptocurrency
The test project is carried out in cooperation with the central banks of the three countries
![Media: Peru is preparing to develop a national cryptocurrency](https://storage.getblock.net/source/1/C0KruI8hzeju0duSkhyeUQASjALuj7Xn.png)
23.11.2021 - 09:10
390
1 min
0
What’s new? The Peruvian media has published news about the details of the development of its own central bank digital currency (CBDC) by Peru's central bank. The project is being facilitated by regulators in Singapore, India, and Hong Kong.
News source on the La Republica website
What is known about Peru's CBDC? Currently, the country is not going to be a leader in the industry and legalize certain cryptocurrencies, as El Salvador has done with bitcoin. Officials stress that they will follow the fairway of larger countries. According to Julio Velarde, the head of the Central Bank of Peru, the launch of the CBDC may not happen until 10 years from now. Until then, the Central Reserve Bank will study all the benefits and risks of this type of asset.
“We are not going to and will not be the first in this industry, because we don't have the resources to be first and face those risks, but we don't want to be left behind,” the head of the department commented on the work on the CBDC.
Useful material?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024