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Retrieved on: 2024-03-06 14:49:18
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Summary
The article discusses the concept of 'Stablecoin' in the context of Central Bank Digital Currencies (CBDCs) and compares it with traditional cash and digital payment methods. It highlights CBDCs' potential impact on monetary reform, the digital rupee, and a cashless society within a two-tiered banking system, emphasizing the importance of privacy, efficiency, and the balance between central and private bank roles.
Article found on: www.bis.org
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