In a white paper titled "Central Banks and Distributed Ledger Technology:How are Central Banks Exploring Blockchain Today?" in March 2019, the World Economic Forum stated that at least 40 central banks are researching or soon will be researching and experimenting with Central Bank Digital Currencies. China is already experimenting its CDBC. The question that we need to ask is whether CBDCs are a boon or a bane to the mass adoption of private cryptocurrencies? What do you think?
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