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How are Central Banks Exploring Central Bank Digital Currencies?

by CBDC Insider Staff
July 12, 2020
in Business
Reading Time: 1min read
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How are Central Banks Exploring Central Bank Digital Currencies?
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At a time when enterprises are moving fast toward the adoption of blockchain technologies, central banks are exploring digital currencies as an alternative to replace their cash in circulation. A Central Bank Digital Currency (CBDC) is the digital form of fiat currency. Not to be confused with cryptocurrency, CBDCs are different in many ways as they are regulated by the government, monetary authority, or law. As it is backed by the government, a central bank can establish a CBDC account instead of printing the money.

Continue read: https://www.cryptonewsz.com/how-are-central-banks-exploring-central-bank-digital-currencies/

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