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As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring centralbank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. The digital currencies are influencing the technical aspects of cross-border transactions rather than altering user experiences.
The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed centralbank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .
The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed centralbank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .
During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential centralbank digital currency (CBDC). Senator Lee has been among the most vocal opponents of a US CBDC, expressing concerns about potential government overreach. What comes next?
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