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CBDCs could put banks’ profits at risk, as per this report

Emerging CBDC cross-border transaction technology can put the banks’ profits at risk, as per a new Moody’s report. Cross-border CBDC transactions would require entirely new infrastructure, reducing the role of banks even further. Emerging central bank digital currency (CBDC) cross-border transaction technology has the potential to transform the global economy by making services for many…

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