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Many nations are discussing the future of cash. Central Banks are studying their role in the digital evolution which will allow them to continue to regulate and fulfill their fiscal responsibilities. Banknotes are a sovereign legal tender issued solely by the Central Bank. Their digital equivalent must also follow the currency laws of the nation. There exist technological solutions that enable central banks to issue a digital fiat currency instrument that can be transacted in existing networks and payment systems. This immersion session sheds light on the challenges and the opportunities inherent to digital fiat currencies, discusses technical requirements, and provides thought-provoking insights and practical guidance on this complex topic.