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What is the concept of the Central Bank digital currencies?
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[QUOTE="btaliat, post: 334310, member: 26390"] Central Bank Digital Currency was established in order to counter the development of cryptocurrency. It was China that started popularizing it then with the sole aim of weakening the crypto. Most government believe the crypto is taking over most fiat currencies and that many people prefer saving in the form of crypto rather than saving in banks. This development makes the government to start working towards the crashing of crypto thereby introducing CBDC. It was a success at a start in some countries while remain a total failure in most countries as citizens do not embrace it as it gives government much access to their monetary transactions. [/QUOTE]
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What is the concept of the Central Bank digital currencies?
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