7 The Central Bank Digital Currencies (CBDCs)
7.1 Introduction
This chapter summarizes the evolution of the central bank’s behavior toward cryptocurrencies. In the last years, central banks have started to actively study and monitor the cryptocurrency phenomenon. They have developed a growing interest on the potentiality of technology innovations such as blockchain and distributed ledger technology (DLT). The attention of central banks is due to the rapid and exponential growth of digital assets and currencies issued by the private sector. Central banks around the world have started to study these new tools and the technology behind them, not only to monitor the evolution of this new phenomenon but also to investigate ...
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