Share this article
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
The focus is now on gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.
Updated Mar 8, 2024, 6:31 p.m. Published Dec 11, 2023, 4:34 p.m.
Taiwan's central bank, the Central Bank of the Republic of China, has finished a technical study of a wholesale central bank digital currency (CBDC), according to Deputy Governor Chu Mei-lie.
In a Dec. 7 speech, Chu said the bank's focus is now on conducting surveys to gather feedback from the public, government agencies, industry and academia on improving the design of a CBDC platform.
STORY CONTINUES BELOW
Jurisdictions worldwide are considering the merits of CBDCs for interbank and retail payments, bolstered by a green light from the global central bank group, the Bank for International Settlements.
Chu says CBDCs "can serve as the operational basis for tokenization" as traditional financial institutions increasingly experiment with digitizing real-world assets. But these innovations may also pose significant risks to financial stability, consumer protection, anti-money laundering measures and market integrity, Chu warned.
"Financial supervision agencies should consider relevant regulatory measures in response to the development trend of tokenization," she said.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations
Abu Dhabi’s Financial Services Regulatory Authority has granted licenses to three Binance entities covering exchange, clearing, and brokerage functions.
What to know:
- Binance has received authorization from Abu Dhabi Global Markets (ADMG) to operate under a comprehensive exchange, clearing, and brokerage framework.
- The approval allows Binance to structure its operations into three regulated entities under the Nest brand, covering exchange, clearing, and trading functions.
- Binance's presence in Abu Dhabi aligns with regulatory standards and underscores the region's role as a hub for financial innovation.
Top Stories
