The global race for Central Bank Digital Currencies (CBDCs) is gaining momentum. Today, several central banks have announced new pilots and testing phases for their own digital currencies, exploring everything from the efficiency of cross-border payments to financial inclusion. These developments indicate a growing interest from governments in blockchain technology and programmable money, seeking to modernize their financial systems while maintaining monetary control. While the debate over privacy and centralization persists, the advancement of CBDCs is undeniable and could redefine the future of money in the global economy.
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