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Why central banks are creating digital currencies

When someone says ‘digital currency’, the world thinks ‘blockchain’. But blockchain isn’t the only tech that can be used to develop digital currency – and some economists don’t think that decentralised blockchain-based cryptocurrency ticks all the necessary boxes to be considered as money at all.   This isn’t true

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Central Banks Enter Brave New Worlds of Crypto

Digital currencies are all the rage these days and central banks are not immune to their charm. There were more than 7,500 cryptocurrencies by the end of 2021, from around 66 in 2013, and while most are unlikely to survive, they have sowed the seeds of the popularity of