Taiwan has built a prototype platform for a potential central bank digital currency. It plans to hold multiple hearings and forums next year as its central bank continues to study and develop a CBDC.

Taiwan’s Central Bank Governor, Chin-Long Yang, said in a research report on Sunday that building a digital currency isn’t an international competition and that the central bank has yet to set a fixed timeline for CBDC issuance, according to a report from the semi-official Central News Agency.

Yang is scheduled to present the report on Wednesday about the CBDC development progress at the Legislative Yuan, Taiwan’s parliament, the office of the parliament’s finance committee chair told The Block.

The report said the central bank had developed a CBDC prototype platform with a two-tier …