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New Zealand Considers Central Bank Digital Currency, Raises Privacy and Security Concerns /
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2024-05-13 09:02:29

New Zealand Considers Central Bank Digital Currency, Raises Privacy and Security Concerns on Nostr: Chinese Workers Convert Digital Yuan CBDC Payments into Cash Due to Limited Usability ...

Chinese Workers Convert Digital Yuan CBDC Payments into Cash Due to Limited Usability and Privacy Concerns
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#7a6d2e76 ver:0.08

Chinese workers in Suzhou are converting their digital yuan CBDC payments into cash due to limited usability and privacy concerns. This raises questions about the future of the digital yuan. Meanwhile, Argentina is at a crossroads between introducing a CBDC or dollarization, with the upcoming presidential elections determining the path. The interest in CBDCs and digital currencies is growing worldwide, with 134 countries exploring digital versions of their currencies. The US is falling behind, while China, Europe, and Japan are significantly ahead in CBDC development. New Zealand is also considering a CBDC, but privacy and security concerns need to be addressed. The global race to develop CBDCs is reshaping the future of money and banking. #CBDC #DigitalCurrency #China #Argentina #Dollarization #Privacy #Security #FinancialStability...

#newstr #Argentina #CentralBankDigitalCurrency #Cbdc #DigitalYuan #China #NewZealand #Privacy #Security #FinancialStability #Policymakers

https://here.news/story/7a6d2e76?ver=0.08
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