Digital currencies issued by central banks may seem modern and efficient, but they come with a hidden cost. | FEE - Foundation for Economic Education
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A Central Bank Digital Currency (CBDC) is a digital version of a country’s official money, issued and controlled by the central bank. Unlike cryptocurrencies, CBDCs are fully backed by the government and function as legal tender, combining the security of traditional cash with the efficiency of digital payments. They can be designed for public use in daily transactions (retail CBDC) or for financial institutions in large-scale settlements (wholesale CBDC). CBDCs aim to make payments faster, chea
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The global financial landscape is in a state of unprecedented transformation. From the rise of real-time payments and the proliferation of digital currencies, to AI-driven finance and cross-border solutions, the very fabric of how we transact, invest, and manage money is being rewritten. Join us at this lunch forum as we discuss margin pressure, rising costs and automation, and deliver insights for Australia’s business leaders to navigate this next chapter in business finance transformation. | F
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