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CBDCs shouldn’t be the only form of money, central bankers say
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fnlondon.comAs central bankers in advanced economies consider launching their own digital currencies, top officials have warned that CBDCs should not replace existing payments systems entirely.
“The legacy system has been worked at diligently and hardened for decades,” Robert Bench, assistant vice-president at the Boston Federal Reserve, told a Bankers Association for Finance and Trade conference on 3 May.
“What...
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