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UK Treasury and Lloyds Bank's Digital Shifts
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UK Treasury emphasizes privacy in the decision to adopt a central bank digital currency (CBDC), aiming for a 2030 release, while Lloyds Bank cuts jobs and focuses on digital banking amidst the shift towards online services.
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How might the adoption of a CBDC impact the traditional banking industry and its business models?
How might the increasing preference for online banking services affect the employment landscape in the finance sector?
What strategies can banks employ to balance the shift towards digital banking with maintaining a human-centric customer experience?
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