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Many central banks around the world are considering replacing physical money with digital currency. Watch thevideoby Wall Street Journaland answer the following questions. (a) Explain

Many central banks around the world are considering replacing physical money with digital currency. Watch thevideoby Wall Street Journaland answer the following questions.

(a) Explain the features of digital currency that would qualify it to function as money.Explain and discuss your answer long.

(b)Discuss how digital currency anddigital banksmight put banks in a developing economy like Brunei, out of business.Explainanddiscussyouranswerlong.

Note: Please providereferencesto support your answers.

Link of the videos to watch:

https://youtu.be/Y6YLQXM5izM

https://youtu.be/fpb-qJv6dBs

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