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RBM outlines plans to launch digital currency
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RBM outlines plans to launch digital currency
The Reserve Bank of Malawi (RBM) has outlined plans to develop a central bank digital currency (CBDC) following increasing interest to invest in virtual assets, including crypto currencies. The CBDC is a digital form of sovereign currency that is issued and backed by a central bank. In its National Payment System Strategy that runs up to 2030, RBM said the digital currency has attracted global interest as a potential instrument to enhance financ…
·Blantyre, Malawi
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