The concept of a central bank digital currency (CBDC) — digital money backed and issued by a central bank — has been bubbling under the surface for the past few years. Now, it looks like it is ready to take off. The topic has already been debated at this year’s World Economic Forum in Switzerland, and Bank of America (BAC 1.87%) just released a report suggesting that central bank digital currencies have the potential to revolutionize the global financial system. According to that report,…
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