Uruguay’s central bank joins a growing list of global counterparts in researching and developing its own digital currency.
The Banco Central del Uruguay (BDC), the country’s central bank, has been working at digitizing its peso as a part of the institution’s endeavor to explore the development and creation of its own digital currency. While details are scarce, BCU governor and chief Mario Bergara revealed the digital currency will represent the same value as fiat paper bills, according to the Latin American Herald Tribune.
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