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How to understand Central Bank Digital Currencies

New UK Central Bank Digital Currency CBDC Cryptocurrency.
Photo: Getty Images

Jean Hurley

4 min read
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A look at the CBDC regulatory framework, CBDCs in action, and challenges and developments in the US, UK, and Canada. 

The global financial system is on the cusp of a profound transformation, driven by the emergence of Central Bank Digital Currencies (CBDCs). As traditional cash use declines and digital transactions proliferate, central banks worldwide are exploring the issuance of their own digital money – a direct liability of the central

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