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Some central banks have dropped out of the digital currency race By Cointelegraph



Some central banks have dropped out of the digital currency race

As countries around the world race to launch a central bank digital currency (CBDC), some jurisdictions have slowed down or dropped out of the race altogether.

While many observers were pushing a narrative of urgency around CBDCs, some countries have decided that launching a CBDC isn’t currently necessary, while others have tested CBDCs only to dismiss them.

The Avant smart card. Source: The Bank of Finland.