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Central Bank Digital Currencies: Singapore and India
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Singapore's central bank chief predicts the demise of private cryptocurrencies, envisions a future monetary system with central bank digital currencies and tokenized bank liabilities. Meanwhile, an Indian central banker sees potential success for CBDCs if they address user needs and prioritize trust and cybersecurity.
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How can governments ensure the trust and security of central bank digital currencies while addressing concerns about data privacy and cybersecurity?
How might the eventual demise of private cryptocurrencies impact the global financial landscape?
What are the potential implications of central bank digital currencies on traditional banking systems and the broader economy?
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