Will digital currencies become the norm as the world moves towards a cashless society?
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
TierneyMJ/ShutterstockMore than 90% of the world’s central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes.
What is a central bank digital currency?
A CBDC is not a new currency. It is a digital representation of an existing national currency. So an Australian CBDC would have exactly...
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