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Articles

Crown Agents Bank CEO, Bhairav Trivedi speaks to The Fintech Times for their article on cryptocurrency and CBDCs

CBDC or Crypto… Industry Voices Its Views on the Government Controlled Digital Currency

“With digital currency, central banks don’t need to print cash or hold physical money. Currently, countries can print as much money as they like, resulting in problems like hyperinflation. Using a controlled digital currency could eliminate this problem. Additionally, governments would be able to track exactly who has what. Unseen wads of cash stashed under mattresses or coins lost behind the couch would be a thing of the past.

“... currencies make transactions faster and easier for consumers, increasing convenience. There could also be a certain level of anonymity; an individual wouldn’t need to apply their name and address for example, but could instead use an ID number so that their identity wouldn’t be revealed to the other party in the transaction.”  - Bhairav Trivedi, CEO of Crown Agents Bank

Find the full article here

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