Bank of Namibia governor Johannes !Gawaxab stated that the central bank’s strategic direction and the rapid digitisation of the financial system have prompted it to think critically about a potential Namibia Dollar CBDC in the digital payment landscape of the future.
!Gawaxab stated that a public consultation paper on central bank digital currencies would be published soon to further demonstrate the Bank’s commitment to continued cooperation and dialogue with the industry and private sector innovators and the fintech community and other stakeholders in transforming the financial sector for the prosperity of all Namibians.
The bank stated that Initial Coin Offerings pose high risks and possibilities of fraud, manipulation, and misrepresentation.