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Bangladesh is looking into CBDC as a substitute to private digital currencies that are "risky."

An initial feasibility study is being conducted by Bangladesh Bank on the introduction of a central bank digital currency (CBDC). The CBDC's primary goal is to enable virtual transactions and support new startups and e-commerce companies. Around $208 million was spent in 2019 to send 300 of the country's best graduates abroad to study cutting-edge digital technology. 

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