In early 2022, the Seychelles cabinet unveiled a fresh policy proposal concerning the adoption of a Central Bank Digital Currency (CBDC) in Seychelles. This proposal for the CBDC adoption in Seychelles coincided with the Central Bank of Seychelles’ efforts to modernize their compact nation and create a National payment system. Given the alignment of these two key initiatives, the government initiated a collaborative effort involving various stakeholders to conduct research on the establishment and potential benefits of CBDCs.
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