Laos announces its intention to enter the CBDC race.
“CBDC is a way to advance the sophistication of payment systems, as well as ensuring economic security through a local currency that does not depend on other countries.”
According to Nikkei Asia, the Bakong and DLak would help maintain the stability of their respective countries’ currencies while trading with China, which has introduced a digital yuan. Soramitsu stated that it is also conducting CBDC research in Fiji, Vietnam and the Philippines.
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