Montenegro's Central Bank to Develop CBDC Pilot With Ripple

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Montenegro's Central Bank to Develop CBDC Pilot With Ripple
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The Central Bank of Montenegro plans to develop a CBDC pilot alongside blockchain provider Ripple. By JamieCrawleyCD

The project will"analyze the advantages and risks that CBDCs or national stablecoins could pose concerning electronic means of payment availability, security, efficiency, compliance with regulations, and most importantly, the protection of end users’ rights and privacy,” CBCG Governor Radoje Zugic said in the statement.– a digitized form of central bank money for use by the public – with some having entered a practical phase.

Montenegro is a member of the European Union and part of the eurozone, so would see the adoption of a digital euro if one is introduced by the European Central Bank . The ECB is

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