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Ethiopia launches legal framework for CBDC
The National Bank of Ethiopia (NBE) has prepared two announcements as part of an economic reform program, one of which involves the establishment of a legal framework for a central bank digital currency (CBDC). The announcements have been approved by the Council of Ministers and will soon be submitted to the House of Representatives. The reforms include creating a legal framework for CBDC if necessary, increasing NBE capital, and providing a legal basis for consumer protection. The NBE also plan...
2024-06-17 22:06:26
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