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The Technological Foundations of Central Bank Digital Currencies (CBDCs)
Abstract
Central bank digital currencies (CBDCs) are being recognized as a possible advancement in sovereign money. Although CBDCs have the potential to bring about positive changes such as enhanced financial inclusion and updated payment infrastructures, there are still important considerations regarding the suitable designs of the underlying technology. This chapter provides a comprehensive review of the current state of technological research and experimentation in order to assess architecture options and considerations for CBDCs.
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