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Taiwan’s CBC hesitant over NFTs as presidential tokens
The Central Bank of the Republic of China (CBC) clarifies that the issuance of inauguration commemorative coins is the authority and wish of the elected president, with the CBC providing assistance. Former Premier Sean Chen suggests issuing a token composed of Non-Fungible Tokens (NFTs) for the incoming president in 2024, which would be a global first. CBC officials express concerns about the risks associated with digital assets, such as NFTs, including transactional challenges, anti-money laundering practices, and legal issues. The CBC is actively studying these risks to protect the public’s rights and interests. Additionally, the CBC is engaged in researching Central Bank Digital Currencies (CBDC) and seeking public input through a consultation process set to conclude in April 2024.2024/01/03 17:01