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Central Bank Digital Currencies
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Singapore's central bank chief predicts the eventual disappearance of private cryptocurrencies, envisioning a future with central bank digital currencies, tokenized bank liabilities, and regulated stablecoins. Meanwhile, an Indian central banker sees CBDCs as potentially successful if aligned with user needs and implemented with trust in mind, expressing concerns about data privacy and cybersecurity.
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How can the concerns about data privacy and cybersecurity in central bank digital currencies be effectively addressed?
How might the disappearance of private cryptocurrencies impact the global financial system?
What are the potential implications of central bankers' views on central bank digital currencies for the future of monetary systems?
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