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What exactly is a Central Bank Digital Currency (CBDC)? How does it differ from traditional currencies and cryptocurrencies? What are its potential benefits and challenges for the financial system, consumers, and businesses? Understanding CBDCs is crucial as they represent a significant evolution in how central banks may manage monetary policy in the digital age.

What is 'CBDC (Central Bank Digital Currency)'?

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What is 'CBDC (Central Bank Digital Currency)'?

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