bangladesh is looking into cbdc as a substitute to private digital currencies that are “risky.”

An initial feasibility study is being conducted by bangladesh bank on the introduction of a central bank digital currency (cbdc). the cbdc’s primary goal is to enable virtual transactions and support new startups and e-commerce companies. around $208 million was spent in 2019 to send 300 of the country’s best graduates abroad to study cutting-edge digital technology.

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