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2 Nov 14:36

About our CBDCs news

Latest news on CBDCs (central bank digital currencies), a digital form of fiat currency that is issued by a country's central bank. CBDCs are designed to combine the best features of both fiat currency and cryptocurrency, and are seen as a potential way to modernise the global financial system.

CBDCs are still in the early stages of development, and there are currently no functioning CBDCs. However, a number of central banks, including the Bank of England and the European Central Bank, are researching the feasibility of introducing CBDCs.

The benefits of CBDCs include increased security and efficiency, as well as the potential to reduce the cost of cross-border payments. However, there are also risks associated with CBDCs, including the possibility of destabilising the banking system and increasing the risk of cybercrime.

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