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CBDC Scheme
September 4 , 2021
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- The Central banks in Australia, Singapore, Malaysia and South Africa launched a Central Bank Digital Currencies (CBDC) Scheme recently.
- CBDC scheme is a cross border payments trial that uses different central bank digital currencies (CBDC) in order to assess if this allows transactions to be settled in a cheap and easy manner.
- CBDCs are digital forms of existing currencies.
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