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Better than Crypto? Why central banks are racing to launch digital currencies | Business Beyond

DW, 17 Jul 2021
The rise of cryptocurrencies like Bitcoin caused central banks around the world to sit up and take notice. Concerned about what widespread adoption could mean for their ability to implement economic policy, they are now racing to create their own forms of digital money. With China charging ahead, how will the new era of central bank digital currencies disrupt existing power dynamics in the financial system? And what will all of this mean for consumers?

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#Cryptocurrency #CentralBank #digitalcurrency
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