Central Bank: No Urgency for Retail Digital New Taiwan Dollar, Issuance Requires Legal Amendment or Special Law
Taiwan's Central Bank released a research report on Central Bank Digital Currency (CBDC), concluding there is no urgency to issue a retail digital New Taiwan Dollar due to the convenience of existing payment systems. However, if issued in the future, it would require amendments to the Central Bank Act or the enactment of a special law. The Central Bank is building a digital cash flow platform to verify technology feasibility and capacity, initially supporting digital voucher payments. For wholesale CBDC, a trial platform is being built to facilitate interbank token transfers and asset clearing.
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- 📰 Published: April 15, 2026 at 18:17
- 🔍 Collected: April 15, 2026 at 18:32 (14 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 20:08 (1h 36m after Collected)
Central News Agency
(Central News Agency, Taipei, April 15, reporter Pan Ziyu) In response to the digital era trend and international development, the Central Bank has invested in research on Central Bank Digital Currency (CBDC), also known as the digital New Taiwan Dollar, in recent years. The summary report was released today. The content points out that retail CBDC is digital cash, and considering the convenience of payment in Taiwan, there is no urgency to issue it. If it is to be issued, the Central Bank Act should be amended or a special law should be enacted.
In response to the development of the digital era, the Central Bank began researching Central Bank Digital Currency (CBDC) in 2019. After years of research and extensive communication, the Central Bank today released the "Central Bank Digital Currency External Communication Activities Summary Report."
CBDC is divided into retail CBDC and wholesale CBDC. Retail CBDC is a digital form of cash for public daily transactions; wholesale CBDC is tokenized central bank reserves used to process transfers of deposit tokens between financial institutions or other tokenized assets.
The Central Bank's report points out that for retail CBDC, due to the highly convenient existing payment system in Taiwan, there is currently no urgency to issue retail CBDC. However, to help integrate relevant resources from government and private sectors, the Central Bank has built a digital cash flow platform based on the CBDC prototype platform architecture. It will first use the digital voucher payment function as a trial item to verify the technical feasibility and high-capacity of the platform. In the future, it can continue to support various government distribution policies and continue to refine the digital cash flow platform to improve the effectiveness of government distribution policies.
Regarding wholesale CBDC, the Central Bank explained that wholesale CBDC helps maintain the central bank's currency as a clearing tool in the tokenized world. Therefore, in 2024, it collaborated with Financial Information Service Co. and participating banks to build a tokenized cash flow trial platform. It is currently continuing to cooperate with Taiwan Depository & Clearing Corporation to experiment with supporting various tokenized asset transactions with wholesale CBDC, exploring the feasibility of jointly building a tokenized financial infrastructure in the future.
However, the Central Bank emphasized that CBDC is still in the research and trial stage, and there is no timetable for issuance. Furthermore, considering regulatory aspects, if it is to be issued in the future, the Central Bank Act should be amended or a special law should be enacted.
The Central Bank finally stated that although CBDC is a possible improvement solution for cross-border payments, CBDCs in various countries are still in the research and trial stage, and there is a lack of common standards for cross-border payments among international CBDCs. The Central Bank will continue to pay attention to ensure future development keeps pace with international trends. (Editor: Pan Yijing) 1150415
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(Central News Agency, Taipei, April 15, reporter Pan Ziyu) In response to the digital era trend and international development, the Central Bank has invested in research on Central Bank Digital Currency (CBDC), also known as the digital New Taiwan Dollar, in recent years. The summary report was released today. The content points out that retail CBDC is digital cash, and considering the convenience of payment in Taiwan, there is no urgency to issue it. If it is to be issued, the Central Bank Act should be amended or a special law should be enacted.
In response to the development of the digital era, the Central Bank began researching Central Bank Digital Currency (CBDC) in 2019. After years of research and extensive communication, the Central Bank today released the "Central Bank Digital Currency External Communication Activities Summary Report."
CBDC is divided into retail CBDC and wholesale CBDC. Retail CBDC is a digital form of cash for public daily transactions; wholesale CBDC is tokenized central bank reserves used to process transfers of deposit tokens between financial institutions or other tokenized assets.
The Central Bank's report points out that for retail CBDC, due to the highly convenient existing payment system in Taiwan, there is currently no urgency to issue retail CBDC. However, to help integrate relevant resources from government and private sectors, the Central Bank has built a digital cash flow platform based on the CBDC prototype platform architecture. It will first use the digital voucher payment function as a trial item to verify the technical feasibility and high-capacity of the platform. In the future, it can continue to support various government distribution policies and continue to refine the digital cash flow platform to improve the effectiveness of government distribution policies.
Regarding wholesale CBDC, the Central Bank explained that wholesale CBDC helps maintain the central bank's currency as a clearing tool in the tokenized world. Therefore, in 2024, it collaborated with Financial Information Service Co. and participating banks to build a tokenized cash flow trial platform. It is currently continuing to cooperate with Taiwan Depository & Clearing Corporation to experiment with supporting various tokenized asset transactions with wholesale CBDC, exploring the feasibility of jointly building a tokenized financial infrastructure in the future.
However, the Central Bank emphasized that CBDC is still in the research and trial stage, and there is no timetable for issuance. Furthermore, considering regulatory aspects, if it is to be issued in the future, the Central Bank Act should be amended or a special law should be enacted.
The Central Bank finally stated that although CBDC is a possible improvement solution for cross-border payments, CBDCs in various countries are still in the research and trial stage, and there is a lack of common standards for cross-border payments among international CBDCs. The Central Bank will continue to pay attention to ensure future development keeps pace with international trends. (Editor: Pan Yijing) 1150415
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to get the latest news instantly.
The text, images, and audio-visual content of this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.