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Peru to partner with India, HK and Singapore central banks on a CBDC
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The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC).
At the Annual Conference of Executives (CADE) with business leaders in Lima on Nov. 16 he said:
Velarde stated that Peru will partner with the central banks of countries more advanced in their development of CBDCs including India, Singapore, and Hong Kong. A CBDC is a digital form of a country’s fiat currency, issued and
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