Laos has become the latest nation to begin exploring a central bank digital currency (CBDC), announcing upcoming research on the subject in a partnership with Japanese distributed ledger technology (DLT) firm Soramitsu.
According to a Sunday report from Nikkei Asia, the project is expected to begin this month and follows the signing of a memorandum of understanding between Laos’ central bank and the Japan International Cooperation Agency to study the development of CBDC.