Author
MD, Neeraj Bhagat & Co.
Relevant to today’s era, one of the primary factor is that a CBDC needs to coexist with cash and other types of money in order to maintain a flexible and innovative payment system in the economy.
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Central Banks are expanding their research and study into central bank digital currencies (CBDCs), as the international component of CBDCs in facilitating cross-border payments will become gradually more important.
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