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International Partnerships
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InfoPoint conference: Central Bank Digital currencies in Africa

The ongoing digitalisation of economies worldwide is rapidly transforming the payment system landscape. Central banks are considering issuing their own digital money (CBDCs) as a substitute for cash and an alternative to the growing use of private digital money like bitcoins or stablecoins. CBDCs would provide the public with a safe and attractive form of money, but their development raises many questions. How to preserve the anonymity of transactions and avoid unfair competition with commercial banks? In African countries with less developed financial systems and the informal economy striving for anonymity, the development of CBDCs is still more challenging. This could be an opportunity to promote more transparency and improve fiscal revenue collection

  • the EU's international role | international cooperation
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Practical information

When
-
Where
InfoPoint
Languages
English
Organisers
International Partnerships InfoPoint

Description