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G7 financial leaders reach agreement on digital currencies


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CBDCs are definitely coming, but, outside of China, I think that it will take a couple more years. There is a lot of groundwork in terms of technology, legal, administrative, public education, etc. But the writing is now very much on the wall in big, block letter print. I would place my bets on most countries rolling out a system where banks still serve as intermediaries for retail in administering CDBC accounts, but we'll see.

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