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According to a recent New Your Fed conference, banks seem to be in a frenzy with the emerging technologies that range from new ways to process payments to new asset categories like cryptocurrencies and stablecoins. Banks have raised disintermediation concerns over digital tokens in the wake of a looming recession. In response to the increasing adoption of cryptocurrencies, central banks, have come up with the concept of CBDC.
Full Article: https://crypto-economy.com/are-banks-worried-about-the-arrival-of-digital-money/