Central Bank Digital Currency, or CBDC, adoption has risen steadily over the past years. It has the potential to revolutionize cross-border payments, but a global framework and coordination between countries are vital for its wider adoption. Governments or countries have two significant challenges: first, how and which type of CBDCs to create, and second, a universal infrastructure for different CBDCs to interact. CBDCs can transform cross-border payments if countries can overcome these two challenges.
Cybersecurity is the practice of protecting digital networks from hacks or unauthorized attacks. Businesses and individuals invest heavily in it and are looking for new ways to improve their cybersecurity to protect their digital assets and data from hackers. Cybersecurity has become essential for companies and governments, especially in a progressively digital-centered world. Cybersecurity is not just about protecting against data breaches but also about maintaining customer trust, preventing legal actions, and protecting reputations.
Countries are increasingly adopting CBDCs into their mainstream economic and financial systems. These CBDCs are accumulating sensitive user data at an unprecedented rate. Sensitive data in…
