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The article argues that central banks must respond to the rise of digital currencies by introducing their own central bank digital currencies (CBDCs) to ensure the safety and usability of money. It highlights the risks posed by unbacked cryptocurrencies and stablecoins, emphasizing the need for regulation and the potential benefits of CBDCs for the public. The author stresses the importance of creating a reliable and accessible payment system while navigating the challenges posed by new technologies and pri
- Author
- Rishiraj chandan
- Language
- EN