Montenegro's Central Bank to Develop CBDC Pilot With Ripple
The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation. The Central Bank of Montenegro (CBCG) plans to develop a pilot program for a central bank digital currency (CBDC) or national stablecoin with blockchain provider Ripple even though it uses the euro as its de facto currency. The pilot will see the central bank identify practical applications of such a coin and come up with a design to simulate its circulation, Ripple announced on Tuesday. The project will "analyze the advantages and risks that CBDCs or national stablecoins could pose concerning electronic means of payment availability, security, efficiency, compliance with regulations, and most importantly, the protection of end users’ rights and privacy,” CBCG Governor Radoje Zugic said in the statement. Montenegro is not a member of the European Union (EU), and it has adopted the euro without joining the eurozone. The European Central Bank (ECB) and EU set to make a decision on whether to introduce a digital euro later this year. Over 100 countries are exploring the development of a CBDC – a digitized form of central bank money for use by the public – with some having entered a practical phase. https://www.coindesk.com/policy/2023/... #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #ripple #ripplenews #ripplenewstoday #cbdc #cbdcnews #cbdcnewstoday #montenegro #montenegronews #montage ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
