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Safeguarding central bank digital currency systems in the post-quantum computing age
Quantum computing is a disruptive force that will revolutionize data-intensive tasks across sectors. Yet, it poses a unique cybersecurity threat as it could be used to break current data encryption schemes. As industry players modernize financial markets, an emphasis must be placed on building quantum-resistant financial systems in the era of central bank digital currencies (CBDCs). Critical infrastructure requires critical safeguards More than 98% of the global economy’s central banks are exploring CBDCs to improve cross-border payment efficiency, enhance financial inclusion, and preserve the role of central bank ... (full story)