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Central Bank Digital Currencies Gaining Status In 2023
By Aarti Dhapte , 06 July, 2023
Central Bank digital currencies (CBDC) are gaining popularity as the digital currency acting approved by the government of that respective country. It is the fiat money having a claim on the central bank. Digital currency stands for virtual money instead of printing; the central banks are issuing electronic coins sponsored and controlled by governments like traditional currencies. More than 20 countries globally are anticipated to take the lead toward handling CBDCs in 2023.
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