Many central banks are advancing in CBDC development, with 94% actively exploring options. Recent shifts in Canada and Australia underscore changing strategies in CBDC focus.
The interoperability of CBDCs is vital, as they are more than digital currency; they involve diverse stakeholders and must integrate with existing payment systems and regulatory frameworks.
Creating an interoperable CBDC ecosystem is complex, significantly more demanding than achieving Web3 interoperability due to various pre-existing payment systems and currency exchange obstacles.
Central banks are navigating enormous challenges, needing to ensure their CBDCs are compatible with both legacy systems and the evolving digital financial landscape, all while adhering to regulatory mandates.
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