Central banks of Guatemala and Honduras have begun studying the possibility of introducing national digital currencies (CBDCs), Reuters reports.
According to the head of the central bank, Wilfredo Serrato, the initiative will be discussed at the meeting of the Monetary Council of the Central American countries, which unites regulators of the region.
According to the governor of the Central Bank of Guatemala, José Alfredo Blanco, the CBDC under consideration already has a working name, iQuetzal [the official currency of the country is named Quetzal]. The corresponding working group was formed six months ago, he added.
The agency noted that such statements came after entry into force of the law recognizing Bitcoin as legal tender in El Salvador.
The CEO of the Binance cryptocurrency exchange, Changpeng Zhao, the head of IOHK, the company behind Cardano, Charles Hoskinson, and a former employee of the NSA and CIA, Edward Snowden, expressed confidence that other countries will follow El Salvador’s example.
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