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Hyun Song Shin on CBDCs and the Future of Central Banking
Odd Lots
Is There a Digital Alternative to Cash?
Central banks are devoting all this time and energy to designing new technology. But why not go further? Why stop at a layer that augments the existing financial system? And why not try to create a digital replacement for cash? The idea is, rather than going through an intermediary, you would transfer a digital cash unit directly to some one else. How can we preserve a privacy in that kind of context? I think this is one of the bi design challenges, undoubtedly.
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