Central bank of Namibia to issue a crypto currency

in Cryptocurrency4 years ago

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Namibia's central bank to launch a central bank digital currency (CBDC). That was announced by the bank's governor.

The idea is to both establish the BON (Bank of Namibia) in the crypto arena. The idea is to gain a position in this market that is expected to become a central arena in the financial realm. That, while tactically smart, is unlikely to make major difference long term as state actors likely are not able to avoid being sidelines but various transnational cryptos - which is the innate nature of crypto currencies.

References

Namibian Central Bank Announces Plan to Launch CBDC
Terence Zimwara, Bitcoin.com, 9 April 2022

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I think not only what Namibia has recently done, bit also whole Namibia is sidelined as many other African countries. However, it s just a starting which may affect the other neighbouring countries like in Latin America.

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