When is the Polish CBDC?
Hi. I keep reading that some new countries plan to issue their own digital currency of the central bank, CBDC, but nothing is said about Poland. Does our government have no plans to release a digital zloty?
Hi. I keep reading that some new countries plan to issue their own digital currency of the central bank, CBDC, but nothing is said about Poland. Does our government have no plans to release a digital zloty?
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Meanwhile, blockchain technology is already being used to create CBDCs in dozens of places around the world. It's a complicated process, but we can expect that in just a few years, many governments will start encouraging their citizens to get electronic wallets and use CBDCs instead of cash. The solution itself will be presented as ecological, fast, cheap to use and safe, because everything will be supervised by the national bank of a given country.
I would like the words of the NBP president to be true, but I do not trust these people for an inch. If they wanted to hide from us the fact that work on the Polish CBDC is already underway, they are able to do so. Then it is enough to announce that they have changed their minds and we need a digital currency controlled by the NBP to be happy, and in a few months we will present a ready solution for testing by the first users. Finally, I would like to add that Bank PKO BP has already reserved the name Plcoin, I wonder for what purpose?
Meanwhile, blockchain technology is already being used to create CBDCs in dozens of places around the world. It's a complicated process, but we can expect that in just a few years, many governments will start encouraging their citizens to get electronic wallets and use CBDCs instead of cash. The solution itself will be presented as ecological, fast, cheap to use and safe, because everything will be supervised by the national bank of a given country.
I would like the words of the NBP president to be true, but I do not trust these people for an inch. If they wanted to hide from us the fact that work on the Polish CBDC is already underway, they are able to do so. Then it is enough to announce that they have changed their minds and we need a digital currency controlled by the NBP to be happy, and in a few months we will present a ready solution for testing by the first users. Finally, I would like to add that Bank PKO BP has already reserved the name Plcoin, I wonder for what purpose?
Machine translated
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Currently, the National Bank of Poland has no plans to introduce the digital zloty. Our Central Bank observes only the situation on global markets and conducts in-depth analyses.
"Taking into account the small scale of CBDC emissions in the world, and only in emerging economies, and the initial stage of implementing the retail payment system, this analysis cannot yet be supported by a description of specific phenomena in those countries that have introduced central bank digital money and their quantification"
The official announcement of the NBP clearly shows that the idea of introducing the digital zloty is a very distant idea. The president of the National Bank of Poland, Adam Glapiński, is skeptical about this idea and values traditional cash more.
“We, as Poles, have always stood guard over freedom and are sensitive to any attempt to limit it. The elimination of cash as part of the non-cash economy conducted by some banks, media and international corporations is not conducive to expanding and strengthening the freedom of individuals.
"It is impossible to predict whether and when central banks will decide to introduce this form of money. If it turned out to be beneficial, we would of course introduce it, for now the conclusions are rather negative"
Currently, the National Bank of Poland has no plans to introduce the digital zloty. Our Central Bank observes only the situation on global markets and conducts in-depth analyses.
"Taking into account the small scale of CBDC emissions in the world, and only in emerging economies, and the initial stage of implementing the retail payment system, this analysis cannot yet be supported by a description of specific phenomena in those countries that have introduced central bank digital money and their quantification"
The official announcement of the NBP clearly shows that the idea of introducing the digital zloty is a very distant idea. The president of the National Bank of Poland, Adam Glapiński, is skeptical about this idea and values traditional cash more.
“We, as Poles, have always stood guard over freedom and are sensitive to any attempt to limit it. The elimination of cash as part of the non-cash economy conducted by some banks, media and international corporations is not conducive to expanding and strengthening the freedom of individuals.
"It is impossible to predict whether and when central banks will decide to introduce this form of money. If it turned out to be beneficial, we would of course introduce it, for now the conclusions are rather negative"
Machine translated
Currently, the National Bank of Poland has no plans to introduce the digital zloty. Our Central Bank observes only the situation on global markets and conducts in-depth analyses.
"Taking into account the small scale of CBDC emissions in the world, and only in emerging economies, and the initial stage of implementing the retail payment system, this analysis cannot yet be supported by a description of specific phenomena in those countries that have introduced central bank digital money and their quantification"
The official announcement of the NBP clearly shows that the idea of introducing the digital zloty is a very distant idea. The president of the National Bank of Poland, Adam Glapiński, is skeptical about this idea and values traditional cash more.
“We, as Poles, have always stood guard over freedom and are sensitive to any attempt to limit it. The elimination of cash as part of the non-cash economy conducted by some banks, media and international corporations is not conducive to expanding and strengthening the freedom of individuals.
"It is impossible to predict whether and when central banks will decide to introduce this form of money. If it turned out to be beneficial, we would of course introduce it, for now the conclusions are rather negative"
Currently, the National Bank of Poland has no plans to introduce the digital zloty. Our Central Bank observes only the situation on global markets and conducts in-depth analyses.
"Taking into account the small scale of CBDC emissions in the world, and only in emerging economies, and the initial stage of implementing the retail payment system, this analysis cannot yet be supported by a description of specific phenomena in those countries that have introduced central bank digital money and their quantification"
The official announcement of the NBP clearly shows that the idea of introducing the digital zloty is a very distant idea. The president of the National Bank of Poland, Adam Glapiński, is skeptical about this idea and values traditional cash more.
“We, as Poles, have always stood guard over freedom and are sensitive to any attempt to limit it. The elimination of cash as part of the non-cash economy conducted by some banks, media and international corporations is not conducive to expanding and strengthening the freedom of individuals.
"It is impossible to predict whether and when central banks will decide to introduce this form of money. If it turned out to be beneficial, we would of course introduce it, for now the conclusions are rather negative"
Machine translated
Machine translated