Major central banks worldwide are trying to come up with their version of a central bank digital
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Question:
1. What factors could have led to the introduction of central bank digital currency?
2. What differentiates a CBDC from a cryptocurrency? Your answer needs to contain at least three arguments.
3. What are your thoughts on the future of banking institutions? Would they be required to make any substantial changes?
4. What could be some drawbacks of CBDCs?
CBDC stand for "central bank digital currency" .
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