id	sid	tid	token	lemma	pos
aijes-6965	1	1	agora	agora	PROPN
aijes-6965	1	2	international	international	PROPN
aijes-6965	1	3	journal	journal	NOUN
aijes-6965	1	4	of	of	ADP
aijes-6965	1	5	economical	economical	ADJ
aijes-6965	1	6	sciences	science	NOUN
aijes-6965	1	7	,	,	PUNCT
aijes-6965	1	8	http://univagora.ro/jour/index.php/aijes	http://univagora.ro/jour/index.php/aijes	PRON
aijes-6965	1	9	issn	issn	PROPN
aijes-6965	1	10	2067	2067	NUM
aijes-6965	1	11	-	-	SYM
aijes-6965	1	12	3310	3310	NUM
aijes-6965	1	13	,	,	PUNCT
aijes-6965	1	14	e	e	X
aijes-6965	1	15	-	-	PUNCT
aijes-6965	1	16	issn	issn	PROPN
aijes-6965	1	17	2067	2067	NUM
aijes-6965	1	18	-	-	SYM
aijes-6965	1	19	7669	7669	NUM
aijes-6965	1	20	vol	vol	NOUN
aijes-6965	1	21	.	.	PROPN
aijes-6965	1	22	18	18	NUM
aijes-6965	1	23	,	,	PUNCT
aijes-6965	1	24	no	no	INTJ
aijes-6965	1	25	.	.	NOUN
aijes-6965	1	26	2	2	NUM
aijes-6965	1	27	(	(	PUNCT
aijes-6965	1	28	2024	2024	NUM
aijes-6965	1	29	)	)	PUNCT
aijes-6965	1	30	,	,	PUNCT
aijes-6965	1	31	pp	pp	PROPN
aijes-6965	1	32	.	.	PUNCT
aijes-6965	2	1	387	387	NUM
aijes-6965	2	2	-	-	SYM
aijes-6965	2	3	399	399	NUM
aijes-6965	2	4	the	the	DET
aijes-6965	2	5	evolution	evolution	NOUN
aijes-6965	2	6	of	of	ADP
aijes-6965	2	7	digital	digital	ADJ
aijes-6965	2	8	currencies	currency	NOUN
aijes-6965	2	9	:	:	PUNCT
aijes-6965	2	10	from	from	ADP
aijes-6965	2	11	private	private	ADJ
aijes-6965	2	12	innovation	innovation	NOUN
aijes-6965	2	13	to	to	ADP
aijes-6965	2	14	central	central	ADJ
aijes-6965	2	15	bank	bank	NOUN
aijes-6965	2	16	implementation	implementation	NOUN
aijes-6965	2	17	a	a	DET
aijes-6965	2	18	comprehensive	comprehensive	ADJ
aijes-6965	2	19	analysis	analysis	NOUN
aijes-6965	2	20	of	of	ADP
aijes-6965	2	21	cbdc	cbdc	NOUN
aijes-6965	2	22	development	development	NOUN
aijes-6965	2	23	a.	a.	PROPN
aijes-6965	2	24	yusifov	yusifov	PROPN
aijes-6965	2	25	ali	ali	PROPN
aijes-6965	2	26	yusifov	yusifov	PROPN
aijes-6965	2	27	azerbaijan	azerbaijan	PROPN
aijes-6965	2	28	state	state	PROPN
aijes-6965	2	29	university	university	PROPN
aijes-6965	2	30	of	of	ADP
aijes-6965	2	31	economics	economics	PROPN
aijes-6965	2	32	(	(	PUNCT
aijes-6965	2	33	unec	unec	PROPN
aijes-6965	2	34	)	)	PUNCT
aijes-6965	2	35	,	,	PUNCT
aijes-6965	2	36	azerbaijan	azerbaijan	PROPN
aijes-6965	2	37	https://orcid.org/0009-0002-9251-4801	https://orcid.org/0009-0002-9251-4801	PROPN
aijes-6965	2	38	,	,	PUNCT
aijes-6965	2	39	e	e	NOUN
aijes-6965	2	40	-	-	NOUN
aijes-6965	2	41	mail	mail	NOUN
aijes-6965	2	42	:	:	PUNCT
aijes-6965	2	43	ali.yusifov.1945@gmail.com	ali.yusifov.1945@gmail.com	X
aijes-6965	2	44	abstract	abstract	NOUN
aijes-6965	2	45	:	:	PUNCT
aijes-6965	2	46	this	this	DET
aijes-6965	2	47	paper	paper	NOUN
aijes-6965	2	48	traces	trace	VERB
aijes-6965	2	49	the	the	DET
aijes-6965	2	50	development	development	NOUN
aijes-6965	2	51	of	of	ADP
aijes-6965	2	52	digital	digital	ADJ
aijes-6965	2	53	currencies	currency	NOUN
aijes-6965	2	54	and	and	CCONJ
aijes-6965	2	55	central	central	ADJ
aijes-6965	2	56	bank	bank	NOUN
aijes-6965	2	57	digital	digital	ADJ
aijes-6965	2	58	currencies	currency	NOUN
aijes-6965	2	59	(	(	PUNCT
aijes-6965	2	60	cbdcs	cbdcs	PROPN
aijes-6965	2	61	)	)	PUNCT
aijes-6965	2	62	,	,	PUNCT
aijes-6965	2	63	and	and	CCONJ
aijes-6965	2	64	how	how	SCONJ
aijes-6965	2	65	their	their	PRON
aijes-6965	2	66	conceptual	conceptual	ADJ
aijes-6965	2	67	models	model	NOUN
aijes-6965	2	68	and	and	CCONJ
aijes-6965	2	69	implementation	implementation	NOUN
aijes-6965	2	70	have	have	AUX
aijes-6965	2	71	evolved	evolve	VERB
aijes-6965	2	72	over	over	ADP
aijes-6965	2	73	the	the	DET
aijes-6965	2	74	past	past	ADJ
aijes-6965	2	75	decade	decade	NOUN
aijes-6965	2	76	.	.	PUNCT
aijes-6965	3	1	first	first	ADV
aijes-6965	3	2	conceptualized	conceptualize	VERB
aijes-6965	3	3	as	as	ADP
aijes-6965	3	4	private	private	ADJ
aijes-6965	3	5	digital	digital	ADJ
aijes-6965	3	6	assets	asset	NOUN
aijes-6965	3	7	operating	operate	VERB
aijes-6965	3	8	independently	independently	ADV
aijes-6965	3	9	from	from	ADP
aijes-6965	3	10	central	central	ADJ
aijes-6965	3	11	banking	banking	NOUN
aijes-6965	3	12	systems	system	NOUN
aijes-6965	3	13	,	,	PUNCT
aijes-6965	3	14	digital	digital	ADJ
aijes-6965	3	15	currencies	currency	NOUN
aijes-6965	3	16	have	have	AUX
aijes-6965	3	17	evolved	evolve	VERB
aijes-6965	3	18	in	in	ADP
aijes-6965	3	19	that	that	PRON
aijes-6965	3	20	monetary	monetary	ADJ
aijes-6965	3	21	authorities	authority	NOUN
aijes-6965	3	22	started	start	VERB
aijes-6965	3	23	to	to	PART
aijes-6965	3	24	develop	develop	VERB
aijes-6965	3	25	their	their	PRON
aijes-6965	3	26	own	own	ADJ
aijes-6965	3	27	versions	version	NOUN
aijes-6965	3	28	.	.	PUNCT
aijes-6965	4	1	drawing	draw	VERB
aijes-6965	4	2	from	from	ADP
aijes-6965	4	3	an	an	DET
aijes-6965	4	4	explanation	explanation	NOUN
aijes-6965	4	5	of	of	ADP
aijes-6965	4	6	cbdc	cbdc	NOUN
aijes-6965	4	7	projects	project	NOUN
aijes-6965	4	8	under	under	ADP
aijes-6965	4	9	construction	construction	NOUN
aijes-6965	4	10	all	all	ADV
aijes-6965	4	11	over	over	ADP
aijes-6965	4	12	the	the	DET
aijes-6965	4	13	world	world	NOUN
aijes-6965	4	14	and	and	CCONJ
aijes-6965	4	15	their	their	PRON
aijes-6965	4	16	defining	define	VERB
aijes-6965	4	17	features	feature	NOUN
aijes-6965	4	18	,	,	PUNCT
aijes-6965	4	19	the	the	DET
aijes-6965	4	20	study	study	NOUN
aijes-6965	4	21	reveals	reveal	VERB
aijes-6965	4	22	that	that	SCONJ
aijes-6965	4	23	modern	modern	ADJ
aijes-6965	4	24	cbdcs	cbdc	NOUN
aijes-6965	4	25	are	be	AUX
aijes-6965	4	26	widely	widely	ADV
aijes-6965	4	27	perceived	perceive	VERB
aijes-6965	4	28	as	as	ADP
aijes-6965	4	29	digital	digital	ADJ
aijes-6965	4	30	manifestations	manifestation	NOUN
aijes-6965	4	31	of	of	ADP
aijes-6965	4	32	national	national	ADJ
aijes-6965	4	33	fiat	fiat	ADJ
aijes-6965	4	34	currencies	currency	NOUN
aijes-6965	4	35	that	that	PRON
aijes-6965	4	36	perform	perform	VERB
aijes-6965	4	37	largely	largely	ADV
aijes-6965	4	38	similar	similar	ADJ
aijes-6965	4	39	functions	function	NOUN
aijes-6965	4	40	to	to	ADP
aijes-6965	4	41	cash	cash	NOUN
aijes-6965	4	42	.	.	PUNCT
aijes-6965	5	1	while	while	SCONJ
aijes-6965	5	2	dlt	dlt	PROPN
aijes-6965	5	3	in	in	ADP
aijes-6965	5	4	cbdc	cbdc	NOUN
aijes-6965	5	5	implementation	implementation	NOUN
aijes-6965	5	6	is	be	AUX
aijes-6965	5	7	fairly	fairly	ADV
aijes-6965	5	8	typical	typical	ADJ
aijes-6965	5	9	,	,	PUNCT
aijes-6965	5	10	it	it	PRON
aijes-6965	5	11	certainly	certainly	ADV
aijes-6965	5	12	is	be	AUX
aijes-6965	5	13	n't	not	PART
aijes-6965	5	14	a	a	DET
aijes-6965	5	15	requirement	requirement	NOUN
aijes-6965	5	16	.	.	PUNCT
aijes-6965	6	1	analysis	analysis	NOUN
aijes-6965	6	2	of	of	ADP
aijes-6965	6	3	data	datum	NOUN
aijes-6965	6	4	from	from	ADP
aijes-6965	6	5	138	138	NUM
aijes-6965	6	6	active	active	ADJ
aijes-6965	6	7	cbdc	cbdc	NOUN
aijes-6965	6	8	projects	project	NOUN
aijes-6965	6	9	underscores	underscore	VERB
aijes-6965	6	10	that	that	SCONJ
aijes-6965	6	11	most	most	ADJ
aijes-6965	6	12	are	be	AUX
aijes-6965	6	13	in	in	ADP
aijes-6965	6	14	the	the	DET
aijes-6965	6	15	research	research	NOUN
aijes-6965	6	16	or	or	CCONJ
aijes-6965	6	17	development	development	NOUN
aijes-6965	6	18	stages	stage	NOUN
aijes-6965	6	19	;	;	PUNCT
aijes-6965	6	20	only	only	ADV
aijes-6965	6	21	four	four	NUM
aijes-6965	6	22	are	be	AUX
aijes-6965	6	23	fully	fully	ADV
aijes-6965	6	24	operational	operational	ADJ
aijes-6965	6	25	.	.	PUNCT
aijes-6965	7	1	most	most	ADJ
aijes-6965	7	2	target	target	VERB
aijes-6965	7	3	retail	retail	NOUN
aijes-6965	7	4	,	,	PUNCT
aijes-6965	7	5	but	but	CCONJ
aijes-6965	7	6	wholesale	wholesale	ADJ
aijes-6965	7	7	cbdcs	cbdc	NOUN
aijes-6965	7	8	have	have	VERB
aijes-6965	7	9	higher	high	ADJ
aijes-6965	7	10	rates	rate	NOUN
aijes-6965	7	11	of	of	ADP
aijes-6965	7	12	dlt	dlt	PROPN
aijes-6965	7	13	adoption	adoption	NOUN
aijes-6965	7	14	,	,	PUNCT
aijes-6965	7	15	mainly	mainly	ADV
aijes-6965	7	16	for	for	ADP
aijes-6965	7	17	cross	cross	ADJ
aijes-6965	7	18	-	-	ADJ
aijes-6965	7	19	border	border	ADJ
aijes-6965	7	20	payments	payment	NOUN
aijes-6965	7	21	.	.	PUNCT
aijes-6965	8	1	the	the	DET
aijes-6965	8	2	key	key	ADJ
aijes-6965	8	3	drivers	driver	NOUN
aijes-6965	8	4	toward	toward	ADP
aijes-6965	8	5	cbdc	cbdc	NOUN
aijes-6965	8	6	development	development	NOUN
aijes-6965	8	7	include	include	VERB
aijes-6965	8	8	efficiency	efficiency	NOUN
aijes-6965	8	9	in	in	ADP
aijes-6965	8	10	the	the	DET
aijes-6965	8	11	payment	payment	NOUN
aijes-6965	8	12	system	system	NOUN
aijes-6965	8	13	,	,	PUNCT
aijes-6965	8	14	increasing	increase	VERB
aijes-6965	8	15	financial	financial	ADJ
aijes-6965	8	16	inclusion	inclusion	NOUN
aijes-6965	8	17	,	,	PUNCT
aijes-6965	8	18	and	and	CCONJ
aijes-6965	8	19	maintaining	maintain	VERB
aijes-6965	8	20	monetary	monetary	ADJ
aijes-6965	8	21	sovereignty	sovereignty	NOUN
aijes-6965	8	22	.	.	PUNCT
aijes-6965	9	1	this	this	DET
aijes-6965	9	2	paper	paper	NOUN
aijes-6965	9	3	,	,	PUNCT
aijes-6965	9	4	however	however	ADV
aijes-6965	9	5	,	,	PUNCT
aijes-6965	9	6	argues	argue	VERB
aijes-6965	9	7	that	that	SCONJ
aijes-6965	9	8	consensus	consensus	NOUN
aijes-6965	9	9	on	on	ADP
aijes-6965	9	10	the	the	DET
aijes-6965	9	11	nature	nature	NOUN
aijes-6965	9	12	and	and	CCONJ
aijes-6965	9	13	functionality	functionality	NOUN
aijes-6965	9	14	of	of	ADP
aijes-6965	9	15	cbdcs	cbdc	NOUN
aijes-6965	9	16	will	will	AUX
aijes-6965	9	17	only	only	ADV
aijes-6965	9	18	emerge	emerge	VERB
aijes-6965	9	19	once	once	ADV
aijes-6965	9	20	more	more	ADJ
aijes-6965	9	21	pilot	pilot	NOUN
aijes-6965	9	22	programs	program	NOUN
aijes-6965	9	23	have	have	AUX
aijes-6965	9	24	been	be	AUX
aijes-6965	9	25	completed	complete	VERB
aijes-6965	9	26	and	and	CCONJ
aijes-6965	9	27	real	real	ADJ
aijes-6965	9	28	-	-	PUNCT
aijes-6965	9	29	world	world	NOUN
aijes-6965	9	30	implementation	implementation	NOUN
aijes-6965	9	31	data	datum	NOUN
aijes-6965	9	32	become	become	VERB
aijes-6965	9	33	available	available	ADJ
aijes-6965	9	34	.	.	PUNCT
aijes-6965	10	1	this	this	DET
aijes-6965	10	2	research	research	NOUN
aijes-6965	10	3	adds	add	VERB
aijes-6965	10	4	to	to	ADP
aijes-6965	10	5	the	the	DET
aijes-6965	10	6	understanding	understanding	NOUN
aijes-6965	10	7	of	of	ADP
aijes-6965	10	8	the	the	DET
aijes-6965	10	9	evolving	evolve	VERB
aijes-6965	10	10	nature	nature	NOUN
aijes-6965	10	11	of	of	ADP
aijes-6965	10	12	digital	digital	ADJ
aijes-6965	10	13	currencies	currency	NOUN
aijes-6965	10	14	and	and	CCONJ
aijes-6965	10	15	their	their	PRON
aijes-6965	10	16	potential	potential	ADJ
aijes-6965	10	17	impact	impact	NOUN
aijes-6965	10	18	on	on	ADP
aijes-6965	10	19	monetary	monetary	ADJ
aijes-6965	10	20	systems	system	NOUN
aijes-6965	10	21	.	.	PUNCT
aijes-6965	11	1	keywords	keyword	NOUN
aijes-6965	11	2	:	:	PUNCT
aijes-6965	11	3	central	central	ADJ
aijes-6965	11	4	bank	bank	PROPN
aijes-6965	11	5	digital	digital	ADJ
aijes-6965	11	6	currency	currency	NOUN
aijes-6965	11	7	,	,	PUNCT
aijes-6965	11	8	digital	digital	ADJ
aijes-6965	11	9	currency	currency	NOUN
aijes-6965	11	10	,	,	PUNCT
aijes-6965	11	11	blockchain	blockchain	NOUN
aijes-6965	11	12	,	,	PUNCT
aijes-6965	11	13	distributed	distributed	ADJ
aijes-6965	11	14	ledgers	ledger	NOUN
aijes-6965	11	15	,	,	PUNCT
aijes-6965	11	16	cbdc	cbdc	PROPN
aijes-6965	11	17	,	,	PUNCT
aijes-6965	11	18	dlt	dlt	PROPN
aijes-6965	11	19	introduction	introduction	NOUN
aijes-6965	11	20	the	the	DET
aijes-6965	11	21	active	active	ADJ
aijes-6965	11	22	development	development	NOUN
aijes-6965	11	23	of	of	ADP
aijes-6965	11	24	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	11	25	over	over	ADP
aijes-6965	11	26	the	the	DET
aijes-6965	11	27	last	last	ADJ
aijes-6965	11	28	decade	decade	NOUN
aijes-6965	11	29	has	have	AUX
aijes-6965	11	30	attracted	attract	VERB
aijes-6965	11	31	the	the	DET
aijes-6965	11	32	attention	attention	NOUN
aijes-6965	11	33	of	of	ADP
aijes-6965	11	34	both	both	CCONJ
aijes-6965	11	35	academic	academic	ADJ
aijes-6965	11	36	researchers	researcher	NOUN
aijes-6965	11	37	and	and	CCONJ
aijes-6965	11	38	monetary	monetary	ADJ
aijes-6965	11	39	authorities	authority	NOUN
aijes-6965	11	40	.	.	PUNCT
aijes-6965	12	1	the	the	DET
aijes-6965	12	2	phenomenon	phenomenon	NOUN
aijes-6965	12	3	of	of	ADP
aijes-6965	12	4	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	12	5	is	be	AUX
aijes-6965	12	6	interesting	interesting	ADJ
aijes-6965	12	7	both	both	PRON
aijes-6965	12	8	because	because	SCONJ
aijes-6965	12	9	of	of	ADP
aijes-6965	12	10	the	the	DET
aijes-6965	12	11	consequences	consequence	NOUN
aijes-6965	12	12	of	of	ADP
aijes-6965	12	13	its	its	PRON
aijes-6965	12	14	development	development	NOUN
aijes-6965	12	15	for	for	ADP
aijes-6965	12	16	the	the	DET
aijes-6965	12	17	monetary	monetary	ADJ
aijes-6965	12	18	and	and	CCONJ
aijes-6965	12	19	financial	financial	ADJ
aijes-6965	12	20	system	system	NOUN
aijes-6965	12	21	and	and	CCONJ
aijes-6965	12	22	some	some	DET
aijes-6965	12	23	aspects	aspect	NOUN
aijes-6965	12	24	of	of	ADP
aijes-6965	12	25	its	its	PRON
aijes-6965	12	26	technical	technical	ADJ
aijes-6965	12	27	implementation	implementation	NOUN
aijes-6965	12	28	.	.	PUNCT
aijes-6965	13	1	the	the	DET
aijes-6965	13	2	principle	principle	NOUN
aijes-6965	13	3	of	of	ADP
aijes-6965	13	4	non	non	ADJ
aijes-6965	13	5	-	-	ADJ
aijes-6965	13	6	national	national	ADJ
aijes-6965	13	7	issuance	issuance	NOUN
aijes-6965	13	8	of	of	ADP
aijes-6965	13	9	means	mean	NOUN
aijes-6965	13	10	of	of	ADP
aijes-6965	13	11	payment	payment	NOUN
aijes-6965	13	12	,	,	PUNCT
aijes-6965	13	13	in	in	ADP
aijes-6965	13	14	which	which	PRON
aijes-6965	13	15	there	there	PRON
aijes-6965	13	16	is	be	VERB
aijes-6965	13	17	no	no	DET
aijes-6965	13	18	fundamental	fundamental	ADJ
aijes-6965	13	19	need	need	NOUN
aijes-6965	13	20	for	for	ADP
aijes-6965	13	21	a	a	DET
aijes-6965	13	22	state	state	NOUN
aijes-6965	13	23	intermediary	intermediary	NOUN
aijes-6965	13	24	,	,	PUNCT
aijes-6965	13	25	is	be	AUX
aijes-6965	13	26	interesting	interesting	ADJ
aijes-6965	13	27	in	in	ADP
aijes-6965	13	28	itself	itself	PRON
aijes-6965	13	29	,	,	PUNCT
aijes-6965	13	30	but	but	CCONJ
aijes-6965	13	31	it	it	PRON
aijes-6965	13	32	would	would	AUX
aijes-6965	13	33	not	not	PART
aijes-6965	13	34	be	be	AUX
aijes-6965	13	35	realized	realize	VERB
aijes-6965	13	36	without	without	ADP
aijes-6965	13	37	the	the	DET
aijes-6965	13	38	technology	technology	NOUN
aijes-6965	13	39	that	that	PRON
aijes-6965	13	40	allows	allow	VERB
aijes-6965	13	41	,	,	PUNCT
aijes-6965	13	42	in	in	ADP
aijes-6965	13	43	the	the	DET
aijes-6965	13	44	absence	absence	NOUN
aijes-6965	13	45	of	of	ADP
aijes-6965	13	46	a	a	DET
aijes-6965	13	47	state	state	NOUN
aijes-6965	13	48	intermediary	intermediary	NOUN
aijes-6965	13	49	-	-	PUNCT
aijes-6965	13	50	regulator	regulator	NOUN
aijes-6965	13	51	,	,	PUNCT
aijes-6965	13	52	to	to	PART
aijes-6965	13	53	act	act	VERB
aijes-6965	13	54	as	as	ADP
aijes-6965	13	55	a	a	DET
aijes-6965	13	56	guarantor	guarantor	NOUN
aijes-6965	13	57	of	of	ADP
aijes-6965	13	58	each	each	DET
aijes-6965	13	59	specific	specific	ADJ
aijes-6965	13	60	transaction	transaction	NOUN
aijes-6965	13	61	in	in	ADP
aijes-6965	13	62	particular	particular	ADJ
aijes-6965	13	63	and	and	CCONJ
aijes-6965	13	64	the	the	DET
aijes-6965	13	65	history	history	NOUN
aijes-6965	13	66	of	of	ADP
aijes-6965	13	67	transactions	transaction	NOUN
aijes-6965	13	68	in	in	ADP
aijes-6965	13	69	general	general	ADJ
aijes-6965	13	70	.	.	PUNCT
aijes-6965	14	1	in	in	ADP
aijes-6965	14	2	the	the	DET
aijes-6965	14	3	most	most	ADV
aijes-6965	14	4	famous	famous	ADJ
aijes-6965	14	5	cryptocurrency	cryptocurrency	NOUN
aijes-6965	14	6	bitcoin	bitcoin	NOUN
aijes-6965	14	7	,	,	PUNCT
aijes-6965	14	8	the	the	DET
aijes-6965	14	9	distributed	distribute	VERB
aijes-6965	14	10	ledger	ledger	NOUN
aijes-6965	14	11	technology	technology	NOUN
aijes-6965	14	12	(	(	PUNCT
aijes-6965	14	13	dlt	dlt	PROPN
aijes-6965	14	14	)	)	PUNCT
aijes-6965	14	15	,	,	PUNCT
aijes-6965	14	16	called	call	VERB
aijes-6965	14	17	blockchain	blockchain	PROPN
aijes-6965	14	18	,	,	PUNCT
aijes-6965	14	19	has	have	AUX
aijes-6965	14	20	been	be	AUX
aijes-6965	14	21	successfully	successfully	ADV
aijes-6965	14	22	used	use	VERB
aijes-6965	14	23	as	as	ADP
aijes-6965	14	24	such	such	DET
aijes-6965	14	25	a	a	DET
aijes-6965	14	26	guarantor	guarantor	NOUN
aijes-6965	14	27	.	.	PUNCT
aijes-6965	15	1	https://orcid.org/0009-0002-9251-4801	https://orcid.org/0009-0002-9251-4801	PROPN
aijes-6965	15	2	mailto:ali.yusifov.1945@gmail.com	mailto:ali.yusifov.1945@gmail.com	PROPN
aijes-6965	15	3	the	the	DET
aijes-6965	15	4	evolution	evolution	NOUN
aijes-6965	15	5	of	of	ADP
aijes-6965	15	6	digital	digital	ADJ
aijes-6965	15	7	currencies	currency	NOUN
aijes-6965	15	8	:	:	PUNCT
aijes-6965	15	9	from	from	ADP
aijes-6965	15	10	private	private	ADJ
aijes-6965	15	11	innovation	innovation	NOUN
aijes-6965	15	12	to	to	ADP
aijes-6965	15	13	central	central	ADJ
aijes-6965	15	14	bank	bank	NOUN
aijes-6965	15	15	implementation	implementation	NOUN
aijes-6965	15	16	a	a	DET
aijes-6965	15	17	comprehensive	comprehensive	ADJ
aijes-6965	15	18	analysis	analysis	NOUN
aijes-6965	15	19	of	of	ADP
aijes-6965	15	20	cbdc	cbdc	NOUN
aijes-6965	15	21	development	development	NOUN
aijes-6965	15	22	however	however	ADV
aijes-6965	15	23	,	,	PUNCT
aijes-6965	15	24	since	since	SCONJ
aijes-6965	15	25	the	the	DET
aijes-6965	15	26	emergence	emergence	NOUN
aijes-6965	15	27	of	of	ADP
aijes-6965	15	28	the	the	DET
aijes-6965	15	29	concept	concept	NOUN
aijes-6965	15	30	of	of	ADP
aijes-6965	15	31	bitcoin	bitcoin	NOUN
aijes-6965	15	32	as	as	ADP
aijes-6965	15	33	a	a	DET
aijes-6965	15	34	digital	digital	ADJ
aijes-6965	15	35	non	non	ADJ
aijes-6965	15	36	-	-	ADJ
aijes-6965	15	37	state	state	ADJ
aijes-6965	15	38	currency	currency	NOUN
aijes-6965	15	39	,	,	PUNCT
aijes-6965	15	40	the	the	DET
aijes-6965	15	41	functioning	functioning	NOUN
aijes-6965	15	42	of	of	ADP
aijes-6965	15	43	which	which	PRON
aijes-6965	15	44	is	be	AUX
aijes-6965	15	45	based	base	VERB
aijes-6965	15	46	on	on	ADP
aijes-6965	15	47	cryptographic	cryptographic	ADJ
aijes-6965	15	48	methods	method	NOUN
aijes-6965	15	49	,	,	PUNCT
aijes-6965	15	50	to	to	ADP
aijes-6965	15	51	the	the	DET
aijes-6965	15	52	present	present	ADJ
aijes-6965	15	53	day	day	NOUN
aijes-6965	15	54	,	,	PUNCT
aijes-6965	15	55	when	when	SCONJ
aijes-6965	15	56	the	the	DET
aijes-6965	15	57	central	central	ADJ
aijes-6965	15	58	banks	bank	NOUN
aijes-6965	15	59	of	of	ADP
aijes-6965	15	60	the	the	DET
aijes-6965	15	61	largest	large	ADJ
aijes-6965	15	62	countries	country	NOUN
aijes-6965	15	63	are	be	AUX
aijes-6965	15	64	busy	busy	ADJ
aijes-6965	15	65	developing	develop	VERB
aijes-6965	15	66	digital	digital	ADJ
aijes-6965	15	67	currencies	currency	NOUN
aijes-6965	15	68	and	and	CCONJ
aijes-6965	15	69	implementing	implement	VERB
aijes-6965	15	70	distributed	distribute	VERB
aijes-6965	15	71	ledger	ledger	NOUN
aijes-6965	15	72	technologies	technology	NOUN
aijes-6965	15	73	,	,	PUNCT
aijes-6965	15	74	many	many	ADJ
aijes-6965	15	75	variations	variation	NOUN
aijes-6965	15	76	of	of	ADP
aijes-6965	15	77	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	15	78	and	and	CCONJ
aijes-6965	15	79	products	product	NOUN
aijes-6965	15	80	on	on	ADP
aijes-6965	15	81	the	the	DET
aijes-6965	15	82	blockchain	blockchain	NOUN
aijes-6965	15	83	and	and	CCONJ
aijes-6965	15	84	other	other	ADJ
aijes-6965	15	85	distributed	distribute	VERB
aijes-6965	15	86	ledgers	ledger	NOUN
aijes-6965	15	87	,	,	PUNCT
aijes-6965	15	88	as	as	ADV
aijes-6965	15	89	well	well	ADV
aijes-6965	15	90	as	as	ADP
aijes-6965	15	91	approaches	approach	NOUN
aijes-6965	15	92	to	to	ADP
aijes-6965	15	93	defining	define	VERB
aijes-6965	15	94	and	and	CCONJ
aijes-6965	15	95	classifying	classify	VERB
aijes-6965	15	96	the	the	DET
aijes-6965	15	97	phenomenon	phenomenon	NOUN
aijes-6965	15	98	of	of	ADP
aijes-6965	15	99	digital	digital	ADJ
aijes-6965	15	100	currencies	currency	NOUN
aijes-6965	15	101	have	have	AUX
aijes-6965	15	102	been	be	AUX
aijes-6965	15	103	developed	develop	VERB
aijes-6965	15	104	;	;	PUNCT
aijes-6965	15	105	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	15	106	have	have	AUX
aijes-6965	15	107	demonstrated	demonstrate	VERB
aijes-6965	15	108	their	their	PRON
aijes-6965	15	109	actual	actual	ADJ
aijes-6965	15	110	suitability	suitability	NOUN
aijes-6965	15	111	for	for	ADP
aijes-6965	15	112	performing	perform	VERB
aijes-6965	15	113	the	the	DET
aijes-6965	15	114	functions	function	NOUN
aijes-6965	15	115	of	of	ADP
aijes-6965	15	116	a	a	DET
aijes-6965	15	117	measure	measure	NOUN
aijes-6965	15	118	of	of	ADP
aijes-6965	15	119	value	value	NOUN
aijes-6965	15	120	,	,	PUNCT
aijes-6965	15	121	a	a	DET
aijes-6965	15	122	means	means	NOUN
aijes-6965	15	123	of	of	ADP
aijes-6965	15	124	payment	payment	NOUN
aijes-6965	15	125	and	and	CCONJ
aijes-6965	15	126	accumulation	accumulation	NOUN
aijes-6965	15	127	,	,	PUNCT
aijes-6965	15	128	as	as	ADV
aijes-6965	15	129	well	well	ADV
aijes-6965	15	130	as	as	ADP
aijes-6965	15	131	de	de	X
aijes-6965	15	132	facto	facto	X
aijes-6965	15	133	,	,	PUNCT
aijes-6965	15	134	but	but	CCONJ
aijes-6965	15	135	not	not	PART
aijes-6965	15	136	de	de	ADP
aijes-6965	15	137	jure	jure	NOUN
aijes-6965	15	138	,	,	PUNCT
aijes-6965	15	139	world	world	NOUN
aijes-6965	15	140	money	money	NOUN
aijes-6965	15	141	(	(	PUNCT
aijes-6965	15	142	bank	bank	NOUN
aijes-6965	15	143	of	of	ADP
aijes-6965	15	144	england	england	PROPN
aijes-6965	15	145	,	,	PUNCT
aijes-6965	15	146	2022	2022	NUM
aijes-6965	15	147	)	)	PUNCT
aijes-6965	15	148	,	,	PUNCT
aijes-6965	15	149	but	but	CCONJ
aijes-6965	15	150	not	not	PART
aijes-6965	15	151	all	all	DET
aijes-6965	15	152	states	state	NOUN
aijes-6965	15	153	and	and	CCONJ
aijes-6965	15	154	monetary	monetary	ADJ
aijes-6965	15	155	authorities	authority	NOUN
aijes-6965	15	156	are	be	AUX
aijes-6965	15	157	ready	ready	ADJ
aijes-6965	15	158	to	to	PART
aijes-6965	15	159	recognize	recognize	VERB
aijes-6965	15	160	them	they	PRON
aijes-6965	15	161	as	as	ADP
aijes-6965	15	162	money	money	NOUN
aijes-6965	15	163	.	.	PUNCT
aijes-6965	16	1	in	in	ADP
aijes-6965	16	2	this	this	DET
aijes-6965	16	3	variety	variety	NOUN
aijes-6965	16	4	of	of	ADP
aijes-6965	16	5	interpretations	interpretation	NOUN
aijes-6965	16	6	,	,	PUNCT
aijes-6965	16	7	there	there	PRON
aijes-6965	16	8	is	be	VERB
aijes-6965	16	9	a	a	DET
aijes-6965	16	10	difficulty	difficulty	NOUN
aijes-6965	16	11	in	in	ADP
aijes-6965	16	12	identifying	identify	VERB
aijes-6965	16	13	the	the	DET
aijes-6965	16	14	essence	essence	NOUN
aijes-6965	16	15	of	of	ADP
aijes-6965	16	16	digital	digital	ADJ
aijes-6965	16	17	currencies	currency	NOUN
aijes-6965	16	18	and	and	CCONJ
aijes-6965	16	19	central	central	ADJ
aijes-6965	16	20	bank	bank	NOUN
aijes-6965	16	21	digital	digital	ADJ
aijes-6965	16	22	currencies	currency	NOUN
aijes-6965	16	23	,	,	PUNCT
aijes-6965	16	24	what	what	PRON
aijes-6965	16	25	are	be	AUX
aijes-6965	16	26	their	their	PRON
aijes-6965	16	27	inseparable	inseparable	ADJ
aijes-6965	16	28	and	and	CCONJ
aijes-6965	16	29	inherent	inherent	ADJ
aijes-6965	16	30	qualities	quality	NOUN
aijes-6965	16	31	only	only	ADV
aijes-6965	16	32	to	to	ADP
aijes-6965	16	33	them	they	PRON
aijes-6965	16	34	.	.	PUNCT
aijes-6965	17	1	therefore	therefore	ADV
aijes-6965	17	2	,	,	PUNCT
aijes-6965	17	3	tracking	track	VERB
aijes-6965	17	4	how	how	SCONJ
aijes-6965	17	5	the	the	DET
aijes-6965	17	6	concept	concept	NOUN
aijes-6965	17	7	of	of	ADP
aijes-6965	17	8	digital	digital	ADJ
aijes-6965	17	9	currencies	currency	NOUN
aijes-6965	17	10	has	have	AUX
aijes-6965	17	11	evolved	evolve	VERB
aijes-6965	17	12	and	and	CCONJ
aijes-6965	17	13	how	how	SCONJ
aijes-6965	17	14	the	the	DET
aijes-6965	17	15	definition	definition	NOUN
aijes-6965	17	16	of	of	ADP
aijes-6965	17	17	central	central	ADJ
aijes-6965	17	18	bank	bank	NOUN
aijes-6965	17	19	digital	digital	ADJ
aijes-6965	17	20	currencies	currency	NOUN
aijes-6965	17	21	(	(	PUNCT
aijes-6965	17	22	cbdcs	cbdcs	PROPN
aijes-6965	17	23	)	)	PUNCT
aijes-6965	17	24	emerged	emerge	VERB
aijes-6965	17	25	is	be	AUX
aijes-6965	17	26	of	of	ADP
aijes-6965	17	27	interest	interest	NOUN
aijes-6965	17	28	–	–	PUNCT
aijes-6965	17	29	especially	especially	ADV
aijes-6965	17	30	in	in	ADP
aijes-6965	17	31	a	a	DET
aijes-6965	17	32	situation	situation	NOUN
aijes-6965	17	33	where	where	SCONJ
aijes-6965	17	34	several	several	ADJ
aijes-6965	17	35	central	central	ADJ
aijes-6965	17	36	banks	bank	NOUN
aijes-6965	17	37	are	be	AUX
aijes-6965	17	38	preparing	prepare	VERB
aijes-6965	17	39	to	to	PART
aijes-6965	17	40	launch	launch	VERB
aijes-6965	17	41	their	their	PRON
aijes-6965	17	42	own	own	ADJ
aijes-6965	17	43	digital	digital	ADJ
aijes-6965	17	44	currencies	currency	NOUN
aijes-6965	17	45	.	.	PUNCT
aijes-6965	18	1	the	the	DET
aijes-6965	18	2	article	article	NOUN
aijes-6965	18	3	presents	present	VERB
aijes-6965	18	4	a	a	DET
aijes-6965	18	5	study	study	NOUN
aijes-6965	18	6	of	of	ADP
aijes-6965	18	7	the	the	DET
aijes-6965	18	8	evolution	evolution	NOUN
aijes-6965	18	9	of	of	ADP
aijes-6965	18	10	the	the	DET
aijes-6965	18	11	concepts	concept	NOUN
aijes-6965	18	12	of	of	ADP
aijes-6965	18	13	digital	digital	ADJ
aijes-6965	18	14	currencies	currency	NOUN
aijes-6965	18	15	and	and	CCONJ
aijes-6965	18	16	central	central	ADJ
aijes-6965	18	17	bank	bank	NOUN
aijes-6965	18	18	digital	digital	ADJ
aijes-6965	18	19	currencies	currency	NOUN
aijes-6965	18	20	,	,	PUNCT
aijes-6965	18	21	the	the	DET
aijes-6965	18	22	practice	practice	NOUN
aijes-6965	18	23	of	of	ADP
aijes-6965	18	24	introducing	introduce	VERB
aijes-6965	18	25	digital	digital	ADJ
aijes-6965	18	26	currencies	currency	NOUN
aijes-6965	18	27	by	by	ADP
aijes-6965	18	28	central	central	ADJ
aijes-6965	18	29	banks	bank	NOUN
aijes-6965	18	30	and	and	CCONJ
aijes-6965	18	31	the	the	DET
aijes-6965	18	32	problems	problem	NOUN
aijes-6965	18	33	they	they	PRON
aijes-6965	18	34	solve	solve	VERB
aijes-6965	18	35	in	in	ADP
aijes-6965	18	36	this	this	DET
aijes-6965	18	37	way	way	NOUN
aijes-6965	18	38	,	,	PUNCT
aijes-6965	18	39	in	in	ADP
aijes-6965	18	40	order	order	NOUN
aijes-6965	18	41	to	to	PART
aijes-6965	18	42	understand	understand	VERB
aijes-6965	18	43	what	what	PRON
aijes-6965	18	44	constitutes	constitute	VERB
aijes-6965	18	45	the	the	DET
aijes-6965	18	46	nature	nature	NOUN
aijes-6965	18	47	of	of	ADP
aijes-6965	18	48	digital	digital	ADJ
aijes-6965	18	49	currencies	currency	NOUN
aijes-6965	18	50	at	at	ADP
aijes-6965	18	51	the	the	DET
aijes-6965	18	52	moment	moment	NOUN
aijes-6965	18	53	.	.	PUNCT
aijes-6965	19	1	digital	digital	ADJ
aijes-6965	19	2	currencies	currency	NOUN
aijes-6965	19	3	:	:	PUNCT
aijes-6965	19	4	evolution	evolution	NOUN
aijes-6965	19	5	of	of	ADP
aijes-6965	19	6	the	the	DET
aijes-6965	19	7	concept	concept	NOUN
aijes-6965	19	8	it	it	PRON
aijes-6965	19	9	is	be	AUX
aijes-6965	19	10	useful	useful	ADJ
aijes-6965	19	11	to	to	PART
aijes-6965	19	12	trace	trace	VERB
aijes-6965	19	13	the	the	DET
aijes-6965	19	14	evolution	evolution	NOUN
aijes-6965	19	15	of	of	ADP
aijes-6965	19	16	the	the	DET
aijes-6965	19	17	concept	concept	NOUN
aijes-6965	19	18	of	of	ADP
aijes-6965	19	19	digital	digital	ADJ
aijes-6965	19	20	money	money	NOUN
aijes-6965	19	21	in	in	ADP
aijes-6965	19	22	recent	recent	ADJ
aijes-6965	19	23	years	year	NOUN
aijes-6965	19	24	,	,	PUNCT
aijes-6965	19	25	since	since	SCONJ
aijes-6965	19	26	the	the	DET
aijes-6965	19	27	interest	interest	NOUN
aijes-6965	19	28	in	in	ADP
aijes-6965	19	29	this	this	DET
aijes-6965	19	30	phenomenon	phenomenon	NOUN
aijes-6965	19	31	has	have	AUX
aijes-6965	19	32	emerged	emerge	VERB
aijes-6965	19	33	,	,	PUNCT
aijes-6965	19	34	since	since	SCONJ
aijes-6965	19	35	in	in	ADP
aijes-6965	19	36	some	some	DET
aijes-6965	19	37	cases	case	NOUN
aijes-6965	19	38	digital	digital	ADJ
aijes-6965	19	39	money	money	NOUN
aijes-6965	19	40	has	have	AUX
aijes-6965	19	41	been	be	AUX
aijes-6965	19	42	defined	define	VERB
aijes-6965	19	43	in	in	ADP
aijes-6965	19	44	terms	term	NOUN
aijes-6965	19	45	of	of	ADP
aijes-6965	19	46	the	the	DET
aijes-6965	19	47	opposite	opposite	NOUN
aijes-6965	19	48	of	of	ADP
aijes-6965	19	49	what	what	PRON
aijes-6965	19	50	we	we	PRON
aijes-6965	19	51	now	now	ADV
aijes-6965	19	52	call	call	VERB
aijes-6965	19	53	central	central	ADJ
aijes-6965	19	54	bank	bank	PROPN
aijes-6965	19	55	digital	digital	ADJ
aijes-6965	19	56	currency	currency	NOUN
aijes-6965	19	57	.	.	PUNCT
aijes-6965	20	1	ideas	idea	NOUN
aijes-6965	20	2	for	for	ADP
aijes-6965	20	3	creating	create	VERB
aijes-6965	20	4	digital	digital	ADJ
aijes-6965	20	5	currencies	currency	NOUN
aijes-6965	20	6	based	base	VERB
aijes-6965	20	7	on	on	ADP
aijes-6965	20	8	cryptographic	cryptographic	ADJ
aijes-6965	20	9	methods	method	NOUN
aijes-6965	20	10	have	have	AUX
aijes-6965	20	11	been	be	AUX
aijes-6965	20	12	put	put	VERB
aijes-6965	20	13	forward	forward	ADV
aijes-6965	20	14	since	since	SCONJ
aijes-6965	20	15	at	at	ADP
aijes-6965	20	16	least	least	ADJ
aijes-6965	20	17	1998	1998	NUM
aijes-6965	20	18	,	,	PUNCT
aijes-6965	20	19	when	when	SCONJ
aijes-6965	20	20	anonymous	anonymous	ADJ
aijes-6965	20	21	remailer	remailer	NOUN
aijes-6965	20	22	user	user	NOUN
aijes-6965	20	23	wei	wei	PROPN
aijes-6965	20	24	dai	dai	PROPN
aijes-6965	20	25	published	publish	VERB
aijes-6965	20	26	the	the	DET
aijes-6965	20	27	concept	concept	NOUN
aijes-6965	20	28	of	of	ADP
aijes-6965	20	29	electronic	electronic	ADJ
aijes-6965	20	30	assets	asset	NOUN
aijes-6965	20	31	based	base	VERB
aijes-6965	20	32	on	on	ADP
aijes-6965	20	33	decentralized	decentralized	ADJ
aijes-6965	20	34	b	b	NOUN
aijes-6965	20	35	-	-	PUNCT
aijes-6965	20	36	money	money	NOUN
aijes-6965	20	37	systems	system	NOUN
aijes-6965	20	38	.	.	PUNCT
aijes-6965	21	1	in	in	ADP
aijes-6965	21	2	addition	addition	NOUN
aijes-6965	21	3	,	,	PUNCT
aijes-6965	21	4	the	the	DET
aijes-6965	21	5	concept	concept	NOUN
aijes-6965	21	6	of	of	ADP
aijes-6965	21	7	a	a	DET
aijes-6965	21	8	digital	digital	ADJ
aijes-6965	21	9	currency	currency	NOUN
aijes-6965	21	10	called	call	VERB
aijes-6965	21	11	bit	bit	NOUN
aijes-6965	21	12	gold	gold	NOUN
aijes-6965	21	13	was	be	AUX
aijes-6965	21	14	proposed	propose	VERB
aijes-6965	21	15	by	by	ADP
aijes-6965	21	16	user	user	PROPN
aijes-6965	21	17	nick	nick	PROPN
aijes-6965	21	18	szabo	szabo	PROPN
aijes-6965	21	19	.	.	PUNCT
aijes-6965	22	1	researchers	researcher	NOUN
aijes-6965	22	2	c.	c.	PROPN
aijes-6965	22	3	bronk	bronk	PROPN
aijes-6965	22	4	,	,	PUNCT
aijes-6965	22	5	s.	s.	PROPN
aijes-6965	22	6	monk	monk	PROPN
aijes-6965	22	7	and	and	CCONJ
aijes-6965	22	8	j.	j.	PROPN
aijes-6965	22	9	villasenor	villasenor	PROPN
aijes-6965	22	10	,	,	PUNCT
aijes-6965	22	11	whose	whose	DET
aijes-6965	22	12	work	work	NOUN
aijes-6965	22	13	was	be	AUX
aijes-6965	22	14	also	also	ADV
aijes-6965	22	15	used	use	VERB
aijes-6965	22	16	by	by	ADP
aijes-6965	22	17	researchers	researcher	NOUN
aijes-6965	22	18	at	at	ADP
aijes-6965	22	19	the	the	DET
aijes-6965	22	20	european	european	PROPN
aijes-6965	22	21	central	central	PROPN
aijes-6965	22	22	bank	bank	PROPN
aijes-6965	22	23	,	,	PUNCT
aijes-6965	22	24	also	also	ADV
aijes-6965	22	25	classified	classify	VERB
aijes-6965	22	26	e	e	NOUN
aijes-6965	22	27	-	-	NOUN
aijes-6965	22	28	gold	gold	NOUN
aijes-6965	22	29	as	as	ADP
aijes-6965	22	30	a	a	DET
aijes-6965	22	31	digital	digital	ADJ
aijes-6965	22	32	currency	currency	NOUN
aijes-6965	22	33	.	.	PUNCT
aijes-6965	23	1	it	it	PRON
aijes-6965	23	2	was	be	AUX
aijes-6965	23	3	launched	launch	VERB
aijes-6965	23	4	in	in	ADP
aijes-6965	23	5	1996	1996	NUM
aijes-6965	23	6	,	,	PUNCT
aijes-6965	23	7	ceased	cease	VERB
aijes-6965	23	8	to	to	PART
aijes-6965	23	9	process	process	VERB
aijes-6965	23	10	transactions	transaction	NOUN
aijes-6965	23	11	in	in	ADP
aijes-6965	23	12	2008	2008	NUM
aijes-6965	23	13	due	due	ADJ
aijes-6965	23	14	to	to	ADP
aijes-6965	23	15	criminal	criminal	ADJ
aijes-6965	23	16	prosecution	prosecution	NOUN
aijes-6965	23	17	of	of	ADP
aijes-6965	23	18	its	its	PRON
aijes-6965	23	19	creators	creator	NOUN
aijes-6965	23	20	for	for	ADP
aijes-6965	23	21	illegal	illegal	ADJ
aijes-6965	23	22	financial	financial	ADJ
aijes-6965	23	23	transactions	transaction	NOUN
aijes-6965	23	24	,	,	PUNCT
aijes-6965	23	25	and	and	CCONJ
aijes-6965	23	26	ceased	cease	VERB
aijes-6965	23	27	to	to	PART
aijes-6965	23	28	exist	exist	VERB
aijes-6965	23	29	in	in	ADP
aijes-6965	23	30	2015	2015	NUM
aijes-6965	23	31	.	.	PUNCT
aijes-6965	24	1	however	however	ADV
aijes-6965	24	2	,	,	PUNCT
aijes-6965	24	3	this	this	DET
aijes-6965	24	4	project	project	NOUN
aijes-6965	24	5	differs	differ	VERB
aijes-6965	24	6	significantly	significantly	ADV
aijes-6965	24	7	from	from	ADP
aijes-6965	24	8	b	b	NOUN
aijes-6965	24	9	-	-	PUNCT
aijes-6965	24	10	money	money	NOUN
aijes-6965	24	11	and	and	CCONJ
aijes-6965	24	12	bit	bit	NOUN
aijes-6965	24	13	gold	gold	NOUN
aijes-6965	24	14	:	:	PUNCT
aijes-6965	24	15	firstly	firstly	ADV
aijes-6965	24	16	,	,	PUNCT
aijes-6965	24	17	it	it	PRON
aijes-6965	24	18	was	be	AUX
aijes-6965	24	19	implemented	implement	VERB
aijes-6965	24	20	,	,	PUNCT
aijes-6965	24	21	while	while	SCONJ
aijes-6965	24	22	b	b	X
aijes-6965	24	23	-	-	PUNCT
aijes-6965	24	24	money	money	NOUN
aijes-6965	24	25	and	and	CCONJ
aijes-6965	24	26	bit	bit	NOUN
aijes-6965	24	27	gold	gold	NOUN
aijes-6965	24	28	were	be	AUX
aijes-6965	24	29	only	only	ADV
aijes-6965	24	30	concepts	concept	NOUN
aijes-6965	24	31	;	;	PUNCT
aijes-6965	24	32	secondly	secondly	ADV
aijes-6965	24	33	,	,	PUNCT
aijes-6965	24	34	e	e	NOUN
aijes-6965	24	35	-	-	NOUN
aijes-6965	24	36	gold	gold	NOUN
aijes-6965	24	37	was	be	AUX
aijes-6965	24	38	backed	back	VERB
aijes-6965	24	39	by	by	ADP
aijes-6965	24	40	a	a	DET
aijes-6965	24	41	real	real	ADJ
aijes-6965	24	42	asset	asset	NOUN
aijes-6965	24	43	real	real	ADJ
aijes-6965	24	44	gold	gold	NOUN
aijes-6965	24	45	in	in	ADP
aijes-6965	24	46	the	the	DET
aijes-6965	24	47	e	e	NOUN
aijes-6965	24	48	-	-	PROPN
aijes-6965	24	49	gold	gold	ADJ
aijes-6965	24	50	ltd	ltd	PROPN
aijes-6965	24	51	gold	gold	NOUN
aijes-6965	24	52	fund	fund	NOUN
aijes-6965	24	53	,	,	PUNCT
aijes-6965	24	54	while	while	SCONJ
aijes-6965	24	55	b	b	NOUN
aijes-6965	24	56	-	-	PUNCT
aijes-6965	24	57	money	money	NOUN
aijes-6965	24	58	and	and	CCONJ
aijes-6965	24	59	bit	bit	NOUN
aijes-6965	24	60	gold	gold	NOUN
aijes-6965	24	61	were	be	AUX
aijes-6965	24	62	digital	digital	ADJ
aijes-6965	24	63	currency	currency	NOUN
aijes-6965	24	64	projects	project	NOUN
aijes-6965	24	65	that	that	PRON
aijes-6965	24	66	were	be	AUX
aijes-6965	24	67	not	not	PART
aijes-6965	24	68	backed	back	VERB
aijes-6965	24	69	by	by	ADP
aijes-6965	24	70	a	a	DET
aijes-6965	24	71	real	real	ADJ
aijes-6965	24	72	asset	asset	NOUN
aijes-6965	24	73	such	such	ADJ
aijes-6965	24	74	as	as	ADP
aijes-6965	24	75	precious	precious	ADJ
aijes-6965	24	76	metals	metal	NOUN
aijes-6965	24	77	;	;	PUNCT
aijes-6965	24	78	thirdly	thirdly	ADV
aijes-6965	24	79	,	,	PUNCT
aijes-6965	24	80	e	e	X
aijes-6965	24	81	-	-	NOUN
aijes-6965	24	82	gold	gold	NOUN
aijes-6965	24	83	was	be	AUX
aijes-6965	24	84	a	a	DET
aijes-6965	24	85	centralized	centralized	ADJ
aijes-6965	24	86	and	and	CCONJ
aijes-6965	24	87	privately	privately	ADV
aijes-6965	24	88	managed	manage	VERB
aijes-6965	24	89	payment	payment	NOUN
aijes-6965	24	90	method	method	NOUN
aijes-6965	24	91	from	from	ADP
aijes-6965	24	92	the	the	DET
aijes-6965	24	93	us	us	PROPN
aijes-6965	24	94	,	,	PUNCT
aijes-6965	24	95	while	while	SCONJ
aijes-6965	24	96	bit	bit	NOUN
aijes-6965	24	97	gold	gold	NOUN
aijes-6965	24	98	and	and	CCONJ
aijes-6965	24	99	b	b	NOUN
aijes-6965	24	100	-	-	PUNCT
aijes-6965	24	101	money	money	NOUN
aijes-6965	24	102	were	be	AUX
aijes-6965	24	103	conceived	conceive	VERB
aijes-6965	24	104	as	as	ADP
aijes-6965	24	105	decentralized	decentralize	VERB
aijes-6965	24	106	digital	digital	ADJ
aijes-6965	24	107	assets	asset	NOUN
aijes-6965	24	108	that	that	PRON
aijes-6965	24	109	did	do	AUX
aijes-6965	24	110	not	not	PART
aijes-6965	24	111	have	have	VERB
aijes-6965	24	112	a	a	DET
aijes-6965	24	113	single	single	ADJ
aijes-6965	24	114	issuer	issuer	NOUN
aijes-6965	24	115	and	and	CCONJ
aijes-6965	24	116	regulator	regulator	NOUN
aijes-6965	24	117	.	.	PUNCT
aijes-6965	25	1	for	for	ADP
aijes-6965	25	2	this	this	DET
aijes-6965	25	3	reason	reason	NOUN
aijes-6965	25	4	,	,	PUNCT
aijes-6965	25	5	the	the	DET
aijes-6965	25	6	projects	project	NOUN
aijes-6965	25	7	of	of	ADP
aijes-6965	25	8	users	user	NOUN
aijes-6965	25	9	under	under	ADP
aijes-6965	25	10	the	the	DET
aijes-6965	25	11	names	name	NOUN
aijes-6965	25	12	or	or	CCONJ
aijes-6965	25	13	pseudonyms	pseudonym	NOUN
aijes-6965	25	14	of	of	ADP
aijes-6965	25	15	wei	wei	PROPN
aijes-6965	25	16	day	day	PROPN
aijes-6965	25	17	and	and	CCONJ
aijes-6965	25	18	nick	nick	PROPN
aijes-6965	25	19	szabo	szabo	PROPN
aijes-6965	25	20	are	be	AUX
aijes-6965	25	21	much	much	ADV
aijes-6965	25	22	more	more	ADV
aijes-6965	25	23	similar	similar	ADJ
aijes-6965	25	24	to	to	ADP
aijes-6965	25	25	those	those	DET
aijes-6965	25	26	digital	digital	ADJ
aijes-6965	25	27	currency	currency	NOUN
aijes-6965	25	28	projects	project	NOUN
aijes-6965	25	29	that	that	PRON
aijes-6965	25	30	would	would	AUX
aijes-6965	25	31	later	later	ADV
aijes-6965	25	32	be	be	AUX
aijes-6965	25	33	called	call	VERB
aijes-6965	25	34	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	25	35	,	,	PUNCT
aijes-6965	25	36	and	and	CCONJ
aijes-6965	25	37	the	the	DET
aijes-6965	25	38	document	document	NOUN
aijes-6965	25	39	describing	describe	VERB
aijes-6965	25	40	the	the	DET
aijes-6965	25	41	principle	principle	NOUN
aijes-6965	25	42	of	of	ADP
aijes-6965	25	43	the	the	DET
aijes-6965	25	44	most	most	ADV
aijes-6965	25	45	famous	famous	ADJ
aijes-6965	25	46	of	of	ADP
aijes-6965	25	47	them	they	PRON
aijes-6965	25	48	,	,	PUNCT
aijes-6965	25	49	bitcoin	bitcoin	PROPN
aijes-6965	25	50	,	,	PUNCT
aijes-6965	25	51	contains	contain	VERB
aijes-6965	25	52	direct	direct	ADJ
aijes-6965	25	53	references	reference	NOUN
aijes-6965	25	54	to	to	ADP
aijes-6965	25	55	the	the	DET
aijes-6965	25	56	b	b	NOUN
aijes-6965	25	57	-	-	PUNCT
aijes-6965	25	58	money	money	NOUN
aijes-6965	25	59	project	project	NOUN
aijes-6965	25	60	.	.	PUNCT
aijes-6965	26	1	(	(	PUNCT
aijes-6965	26	2	bank	bank	PROPN
aijes-6965	26	3	of	of	ADP
aijes-6965	26	4	canada	canada	PROPN
aijes-6965	26	5	,	,	PUNCT
aijes-6965	26	6	2020	2020	NUM
aijes-6965	26	7	)	)	PUNCT
aijes-6965	26	8	.	.	PUNCT
aijes-6965	27	1	in	in	ADP
aijes-6965	27	2	2008	2008	NUM
aijes-6965	27	3	,	,	PUNCT
aijes-6965	27	4	bitcoin	bitcoin	VERB
aijes-6965	27	5	:	:	PUNCT
aijes-6965	27	6	a	a	DET
aijes-6965	27	7	peer	peer	NOUN
aijes-6965	27	8	-	-	PUNCT
aijes-6965	27	9	to	to	ADP
aijes-6965	27	10	-	-	PUNCT
aijes-6965	27	11	peer	peer	NOUN
aijes-6965	27	12	electronic	electronic	ADJ
aijes-6965	27	13	cash	cash	NOUN
aijes-6965	27	14	system	system	NOUN
aijes-6965	27	15	was	be	AUX
aijes-6965	27	16	published	publish	VERB
aijes-6965	27	17	by	by	ADP
aijes-6965	27	18	satoshi	satoshi	PROPN
aijes-6965	27	19	nakamoto	nakamoto	PROPN
aijes-6965	27	20	,	,	PUNCT
aijes-6965	27	21	an	an	DET
aijes-6965	27	22	author	author	NOUN
aijes-6965	27	23	or	or	CCONJ
aijes-6965	27	24	team	team	NOUN
aijes-6965	27	25	of	of	ADP
aijes-6965	27	26	authors	author	NOUN
aijes-6965	27	27	(	(	PUNCT
aijes-6965	27	28	nakamoto	nakamoto	NOUN
aijes-6965	27	29	,	,	PUNCT
aijes-6965	27	30	2008	2008	NUM
aijes-6965	27	31	)	)	PUNCT
aijes-6965	27	32	.	.	PUNCT
aijes-6965	28	1	it	it	PRON
aijes-6965	28	2	outlined	outline	VERB
aijes-6965	28	3	the	the	DET
aijes-6965	28	4	concept	concept	NOUN
aijes-6965	28	5	of	of	ADP
aijes-6965	28	6	the	the	DET
aijes-6965	28	7	first	first	PROPN
aijes-6965	28	8	ali	ali	PROPN
aijes-6965	28	9	yusifov	yusifov	PROPN
aijes-6965	28	10	of	of	ADP
aijes-6965	28	11	the	the	DET
aijes-6965	28	12	digital	digital	ADJ
aijes-6965	28	13	assets	asset	NOUN
aijes-6965	28	14	that	that	PRON
aijes-6965	28	15	later	later	ADV
aijes-6965	28	16	became	became	AUX
aijes-6965	28	17	known	know	VERB
aijes-6965	28	18	as	as	ADP
aijes-6965	28	19	‘	'	PUNCT
aijes-6965	28	20	cryptocurrency	cryptocurrency	NOUN
aijes-6965	28	21	’	'	PUNCT
aijes-6965	28	22	bitcoin	bitcoin	NOUN
aijes-6965	28	23	.	.	PUNCT
aijes-6965	29	1	based	base	VERB
aijes-6965	29	2	on	on	ADP
aijes-6965	29	3	advances	advance	NOUN
aijes-6965	29	4	in	in	ADP
aijes-6965	29	5	cryptography	cryptography	NOUN
aijes-6965	29	6	,	,	PUNCT
aijes-6965	29	7	such	such	ADJ
aijes-6965	29	8	as	as	ADP
aijes-6965	29	9	hashing	hashing	NOUN
aijes-6965	29	10	and	and	CCONJ
aijes-6965	29	11	electronic	electronic	ADJ
aijes-6965	29	12	signature	signature	NOUN
aijes-6965	29	13	,	,	PUNCT
aijes-6965	29	14	as	as	ADV
aijes-6965	29	15	well	well	ADV
aijes-6965	29	16	as	as	ADP
aijes-6965	29	17	on	on	ADP
aijes-6965	29	18	the	the	DET
aijes-6965	29	19	principles	principle	NOUN
aijes-6965	29	20	of	of	ADP
aijes-6965	29	21	the	the	DET
aijes-6965	29	22	distributed	distribute	VERB
aijes-6965	29	23	blockchain	blockchain	PROPN
aijes-6965	29	24	registry	registry	NOUN
aijes-6965	29	25	and	and	CCONJ
aijes-6965	29	26	the	the	DET
aijes-6965	29	27	proof	proof	NOUN
aijes-6965	29	28	-	-	PUNCT
aijes-6965	29	29	of	of	ADP
aijes-6965	29	30	-	-	PUNCT
aijes-6965	29	31	work	work	NOUN
aijes-6965	29	32	consensus	consensus	NOUN
aijes-6965	29	33	algorithm	algorithm	NOUN
aijes-6965	29	34	(	(	PUNCT
aijes-6965	29	35	pow	pow	PROPN
aijes-6965	29	36	)	)	PUNCT
aijes-6965	29	37	,	,	PUNCT
aijes-6965	29	38	it	it	PRON
aijes-6965	29	39	was	be	AUX
aijes-6965	29	40	based	base	VERB
aijes-6965	29	41	on	on	ADP
aijes-6965	29	42	the	the	DET
aijes-6965	29	43	principles	principle	NOUN
aijes-6965	29	44	of	of	ADP
aijes-6965	29	45	the	the	DET
aijes-6965	29	46	blockchain	blockchain	NOUN
aijes-6965	29	47	.	.	PUNCT
aijes-6965	30	1	‘	'	PUNCT
aijes-6965	30	2	the	the	DET
aijes-6965	30	3	concept	concept	NOUN
aijes-6965	30	4	was	be	AUX
aijes-6965	30	5	to	to	PART
aijes-6965	30	6	create	create	VERB
aijes-6965	30	7	in	in	ADP
aijes-6965	30	8	a	a	DET
aijes-6965	30	9	network	network	NOUN
aijes-6965	30	10	a	a	DET
aijes-6965	30	11	register	register	NOUN
aijes-6965	30	12	of	of	ADP
aijes-6965	30	13	transactions	transaction	NOUN
aijes-6965	30	14	with	with	ADP
aijes-6965	30	15	a	a	DET
aijes-6965	30	16	unit	unit	NOUN
aijes-6965	30	17	of	of	ADP
aijes-6965	30	18	account	account	NOUN
aijes-6965	30	19	bitcoin	bitcoin	NOUN
aijes-6965	30	20	accessible	accessible	ADJ
aijes-6965	30	21	to	to	ADP
aijes-6965	30	22	all	all	DET
aijes-6965	30	23	network	network	NOUN
aijes-6965	30	24	participants	participant	NOUN
aijes-6965	30	25	,	,	PUNCT
aijes-6965	30	26	the	the	DET
aijes-6965	30	27	updating	updating	NOUN
aijes-6965	30	28	of	of	ADP
aijes-6965	30	29	which	which	PRON
aijes-6965	30	30	,	,	PUNCT
aijes-6965	30	31	as	as	ADV
aijes-6965	30	32	well	well	ADV
aijes-6965	30	33	as	as	ADP
aijes-6965	30	34	the	the	DET
aijes-6965	30	35	issuance	issuance	NOUN
aijes-6965	30	36	of	of	ADP
aijes-6965	30	37	this	this	DET
aijes-6965	30	38	unit	unit	NOUN
aijes-6965	30	39	of	of	ADP
aijes-6965	30	40	account	account	NOUN
aijes-6965	30	41	,	,	PUNCT
aijes-6965	30	42	would	would	AUX
aijes-6965	30	43	be	be	AUX
aijes-6965	30	44	decentralized	decentralize	VERB
aijes-6965	30	45	,	,	PUNCT
aijes-6965	30	46	uncontrolled	uncontrolled	ADJ
aijes-6965	30	47	and	and	CCONJ
aijes-6965	30	48	at	at	ADP
aijes-6965	30	49	the	the	DET
aijes-6965	30	50	same	same	ADJ
aijes-6965	30	51	time	time	NOUN
aijes-6965	30	52	secure	secure	ADJ
aijes-6965	30	53	,	,	PUNCT
aijes-6965	30	54	confirmed	confirm	VERB
aijes-6965	30	55	by	by	ADP
aijes-6965	30	56	cryptographic	cryptographic	ADJ
aijes-6965	30	57	methods	method	NOUN
aijes-6965	30	58	.	.	PUNCT
aijes-6965	31	1	among	among	ADP
aijes-6965	31	2	other	other	ADJ
aijes-6965	31	3	things	thing	NOUN
aijes-6965	31	4	,	,	PUNCT
aijes-6965	31	5	this	this	PRON
aijes-6965	31	6	meant	mean	VERB
aijes-6965	31	7	the	the	DET
aijes-6965	31	8	concept	concept	NOUN
aijes-6965	31	9	of	of	ADP
aijes-6965	31	10	a	a	DET
aijes-6965	31	11	private	private	ADJ
aijes-6965	31	12	,	,	PUNCT
aijes-6965	31	13	monetarily	monetarily	ADV
aijes-6965	31	14	independent	independent	ADJ
aijes-6965	31	15	currency	currency	NOUN
aijes-6965	31	16	that	that	PRON
aijes-6965	31	17	could	could	AUX
aijes-6965	31	18	be	be	AUX
aijes-6965	31	19	circulated	circulate	VERB
aijes-6965	31	20	and	and	CCONJ
aijes-6965	31	21	issued	issue	VERB
aijes-6965	31	22	without	without	ADP
aijes-6965	31	23	the	the	DET
aijes-6965	31	24	involvement	involvement	NOUN
aijes-6965	31	25	and	and	CCONJ
aijes-6965	31	26	supervision	supervision	NOUN
aijes-6965	31	27	of	of	ADP
aijes-6965	31	28	intermediaries	intermediary	NOUN
aijes-6965	31	29	such	such	ADJ
aijes-6965	31	30	as	as	ADP
aijes-6965	31	31	banks	bank	NOUN
aijes-6965	31	32	or	or	CCONJ
aijes-6965	31	33	the	the	DET
aijes-6965	31	34	state	state	NOUN
aijes-6965	31	35	.	.	PUNCT
aijes-6965	32	1	the	the	DET
aijes-6965	32	2	number	number	NOUN
aijes-6965	32	3	of	of	ADP
aijes-6965	32	4	digital	digital	ADJ
aijes-6965	32	5	currencies	currency	NOUN
aijes-6965	32	6	that	that	PRON
aijes-6965	32	7	exist	exist	VERB
aijes-6965	32	8	today	today	NOUN
aijes-6965	32	9	has	have	AUX
aijes-6965	32	10	not	not	PART
aijes-6965	32	11	yet	yet	ADV
aijes-6965	32	12	emerged	emerge	VERB
aijes-6965	32	13	,	,	PUNCT
aijes-6965	32	14	and	and	CCONJ
aijes-6965	32	15	researchers	researcher	NOUN
aijes-6965	32	16	have	have	AUX
aijes-6965	32	17	had	have	VERB
aijes-6965	32	18	to	to	PART
aijes-6965	32	19	rely	rely	VERB
aijes-6965	32	20	on	on	ADP
aijes-6965	32	21	the	the	DET
aijes-6965	32	22	only	only	ADJ
aijes-6965	32	23	digital	digital	ADJ
aijes-6965	32	24	currency	currency	NOUN
aijes-6965	32	25	project	project	NOUN
aijes-6965	32	26	that	that	PRON
aijes-6965	32	27	has	have	AUX
aijes-6965	32	28	been	be	AUX
aijes-6965	32	29	implemented	implement	VERB
aijes-6965	32	30	,	,	PUNCT
aijes-6965	32	31	bitcoin	bitcoin	NOUN
aijes-6965	32	32	,	,	PUNCT
aijes-6965	32	33	and	and	CCONJ
aijes-6965	32	34	it	it	PRON
aijes-6965	32	35	has	have	AUX
aijes-6965	32	36	not	not	PART
aijes-6965	32	37	been	be	AUX
aijes-6965	32	38	possible	possible	ADJ
aijes-6965	32	39	to	to	PART
aijes-6965	32	40	isolate	isolate	VERB
aijes-6965	32	41	common	common	ADJ
aijes-6965	32	42	qualities	quality	NOUN
aijes-6965	32	43	from	from	ADP
aijes-6965	32	44	a	a	DET
aijes-6965	32	45	large	large	ADJ
aijes-6965	32	46	sample	sample	NOUN
aijes-6965	32	47	.	.	PUNCT
aijes-6965	33	1	however	however	ADV
aijes-6965	33	2	,	,	PUNCT
aijes-6965	33	3	another	another	DET
aijes-6965	33	4	paper	paper	NOUN
aijes-6965	33	5	used	use	VERB
aijes-6965	33	6	by	by	ADP
aijes-6965	33	7	the	the	DET
aijes-6965	33	8	european	european	PROPN
aijes-6965	33	9	bank	bank	PROPN
aijes-6965	33	10	,	,	PUNCT
aijes-6965	33	11	“	"	PUNCT
aijes-6965	33	12	bitcoin	bitcoin	NOUN
aijes-6965	33	13	:	:	PUNCT
aijes-6965	33	14	an	an	DET
aijes-6965	33	15	innovative	innovative	ADJ
aijes-6965	33	16	alternative	alternative	ADJ
aijes-6965	33	17	digital	digital	ADJ
aijes-6965	33	18	currency	currency	NOUN
aijes-6965	33	19	”	"	PUNCT
aijes-6965	33	20	by	by	ADP
aijes-6965	33	21	r.	r.	PROPN
aijes-6965	33	22	greenberg	greenberg	PROPN
aijes-6965	33	23	,	,	PUNCT
aijes-6965	33	24	provides	provide	VERB
aijes-6965	33	25	a	a	DET
aijes-6965	33	26	very	very	ADV
aijes-6965	33	27	precise	precise	ADJ
aijes-6965	33	28	characterization	characterization	NOUN
aijes-6965	33	29	of	of	ADP
aijes-6965	33	30	bitcoin	bitcoin	NOUN
aijes-6965	33	31	as	as	ADP
aijes-6965	33	32	a	a	DET
aijes-6965	33	33	digital	digital	ADJ
aijes-6965	33	34	,	,	PUNCT
aijes-6965	33	35	decentralized	decentralize	VERB
aijes-6965	33	36	,	,	PUNCT
aijes-6965	33	37	partially	partially	ADV
aijes-6965	33	38	anonymous	anonymous	ADJ
aijes-6965	33	39	currency	currency	NOUN
aijes-6965	33	40	that	that	PRON
aijes-6965	33	41	is	be	AUX
aijes-6965	33	42	not	not	PART
aijes-6965	33	43	backed	back	VERB
aijes-6965	33	44	by	by	ADP
aijes-6965	33	45	any	any	DET
aijes-6965	33	46	government	government	NOUN
aijes-6965	33	47	or	or	CCONJ
aijes-6965	33	48	other	other	ADJ
aijes-6965	33	49	legal	legal	ADJ
aijes-6965	33	50	entity	entity	NOUN
aijes-6965	33	51	,	,	PUNCT
aijes-6965	33	52	and	and	CCONJ
aijes-6965	33	53	relies	rely	VERB
aijes-6965	33	54	on	on	ADP
aijes-6965	33	55	a	a	DET
aijes-6965	33	56	peer	peer	NOUN
aijes-6965	33	57	-	-	PUNCT
aijes-6965	33	58	to	to	ADP
aijes-6965	33	59	-	-	PUNCT
aijes-6965	33	60	peer	peer	NOUN
aijes-6965	33	61	network	network	NOUN
aijes-6965	33	62	and	and	CCONJ
aijes-6965	33	63	cryptography	cryptography	NOUN
aijes-6965	33	64	to	to	PART
aijes-6965	33	65	maintain	maintain	VERB
aijes-6965	33	66	integrity	integrity	NOUN
aijes-6965	33	67	(	(	PUNCT
aijes-6965	33	68	world	world	PROPN
aijes-6965	33	69	economic	economic	PROPN
aijes-6965	33	70	forum	forum	PROPN
aijes-6965	33	71	,	,	PUNCT
aijes-6965	33	72	2021	2021	NUM
aijes-6965	33	73	)	)	PUNCT
aijes-6965	33	74	.	.	PUNCT
aijes-6965	34	1	the	the	DET
aijes-6965	34	2	definition	definition	NOUN
aijes-6965	34	3	also	also	ADV
aijes-6965	34	4	states	state	VERB
aijes-6965	34	5	that	that	SCONJ
aijes-6965	34	6	bitcoin	bitcoin	NOUN
aijes-6965	34	7	is	be	AUX
aijes-6965	34	8	“	"	PUNCT
aijes-6965	34	9	not	not	PART
aijes-6965	34	10	redeemable	redeemable	ADJ
aijes-6965	34	11	for	for	ADP
aijes-6965	34	12	gold	gold	NOUN
aijes-6965	34	13	or	or	CCONJ
aijes-6965	34	14	any	any	DET
aijes-6965	34	15	other	other	ADJ
aijes-6965	34	16	commodity	commodity	NOUN
aijes-6965	34	17	.	.	PUNCT
aijes-6965	34	18	”	"	PUNCT
aijes-6965	35	1	in	in	ADP
aijes-6965	35	2	this	this	DET
aijes-6965	35	3	context	context	NOUN
aijes-6965	35	4	,	,	PUNCT
aijes-6965	35	5	this	this	PRON
aijes-6965	35	6	could	could	AUX
aijes-6965	35	7	mean	mean	VERB
aijes-6965	35	8	that	that	SCONJ
aijes-6965	35	9	it	it	PRON
aijes-6965	35	10	is	be	AUX
aijes-6965	35	11	not	not	PART
aijes-6965	35	12	necessarily	necessarily	ADV
aijes-6965	35	13	redeemable	redeemable	ADJ
aijes-6965	35	14	for	for	ADP
aijes-6965	35	15	gold	gold	NOUN
aijes-6965	35	16	or	or	CCONJ
aijes-6965	35	17	any	any	DET
aijes-6965	35	18	other	other	ADJ
aijes-6965	35	19	commodity	commodity	NOUN
aijes-6965	35	20	,	,	PUNCT
aijes-6965	35	21	just	just	ADV
aijes-6965	35	22	like	like	ADP
aijes-6965	35	23	the	the	DET
aijes-6965	35	24	us	us	PROPN
aijes-6965	35	25	dollar	dollar	NOUN
aijes-6965	35	26	(	(	PUNCT
aijes-6965	35	27	for	for	ADP
aijes-6965	35	28	which	which	PRON
aijes-6965	35	29	the	the	DET
aijes-6965	35	30	same	same	ADJ
aijes-6965	35	31	wording	wording	NOUN
aijes-6965	35	32	is	be	AUX
aijes-6965	35	33	used	use	VERB
aijes-6965	35	34	)	)	PUNCT
aijes-6965	35	35	.	.	PUNCT
aijes-6965	36	1	the	the	DET
aijes-6965	36	2	definition	definition	NOUN
aijes-6965	36	3	of	of	ADP
aijes-6965	36	4	bitcoin	bitcoin	NOUN
aijes-6965	36	5	given	give	VERB
aijes-6965	36	6	in	in	ADP
aijes-6965	36	7	this	this	DET
aijes-6965	36	8	paper	paper	NOUN
aijes-6965	36	9	includes	include	VERB
aijes-6965	36	10	a	a	DET
aijes-6965	36	11	wide	wide	ADJ
aijes-6965	36	12	range	range	NOUN
aijes-6965	36	13	of	of	ADP
aijes-6965	36	14	characteristics	characteristic	NOUN
aijes-6965	36	15	that	that	PRON
aijes-6965	36	16	would	would	AUX
aijes-6965	36	17	be	be	AUX
aijes-6965	36	18	common	common	ADJ
aijes-6965	36	19	to	to	ADP
aijes-6965	36	20	many	many	ADJ
aijes-6965	36	21	other	other	ADJ
aijes-6965	36	22	digital	digital	ADJ
aijes-6965	36	23	currencies	currency	NOUN
aijes-6965	36	24	.	.	PUNCT
aijes-6965	37	1	after	after	ADP
aijes-6965	37	2	some	some	DET
aijes-6965	37	3	time	time	NOUN
aijes-6965	37	4	,	,	PUNCT
aijes-6965	37	5	bitcoin	bitcoin	PROPN
aijes-6965	37	6	gained	gain	VERB
aijes-6965	37	7	great	great	ADJ
aijes-6965	37	8	popularity	popularity	NOUN
aijes-6965	37	9	,	,	PUNCT
aijes-6965	37	10	the	the	DET
aijes-6965	37	11	outlines	outline	NOUN
aijes-6965	37	12	of	of	ADP
aijes-6965	37	13	its	its	PRON
aijes-6965	37	14	functionality	functionality	NOUN
aijes-6965	37	15	became	become	VERB
aijes-6965	37	16	approximately	approximately	ADV
aijes-6965	37	17	clear	clear	ADJ
aijes-6965	37	18	and	and	CCONJ
aijes-6965	37	19	,	,	PUNCT
aijes-6965	37	20	importantly	importantly	ADV
aijes-6965	37	21	,	,	PUNCT
aijes-6965	37	22	analogues	analogue	NOUN
aijes-6965	37	23	began	begin	VERB
aijes-6965	37	24	to	to	PART
aijes-6965	37	25	appear	appear	VERB
aijes-6965	37	26	on	on	ADP
aijes-6965	37	27	a	a	DET
aijes-6965	37	28	mass	mass	ADJ
aijes-6965	37	29	scale	scale	NOUN
aijes-6965	37	30	.	.	PUNCT
aijes-6965	38	1	researchers	researcher	NOUN
aijes-6965	38	2	and	and	CCONJ
aijes-6965	38	3	government	government	NOUN
aijes-6965	38	4	agencies	agency	NOUN
aijes-6965	38	5	came	come	VERB
aijes-6965	38	6	to	to	ADP
aijes-6965	38	7	the	the	DET
aijes-6965	38	8	understanding	understanding	NOUN
aijes-6965	38	9	that	that	SCONJ
aijes-6965	38	10	bitcoin	bitcoin	NOUN
aijes-6965	38	11	is	be	AUX
aijes-6965	38	12	not	not	PART
aijes-6965	38	13	the	the	DET
aijes-6965	38	14	only	only	ADJ
aijes-6965	38	15	asset	asset	NOUN
aijes-6965	38	16	of	of	ADP
aijes-6965	38	17	its	its	PRON
aijes-6965	38	18	kind	kind	NOUN
aijes-6965	38	19	,	,	PUNCT
aijes-6965	38	20	but	but	CCONJ
aijes-6965	38	21	gave	give	VERB
aijes-6965	38	22	rise	rise	NOUN
aijes-6965	38	23	to	to	ADP
aijes-6965	38	24	a	a	DET
aijes-6965	38	25	class	class	NOUN
aijes-6965	38	26	of	of	ADP
aijes-6965	38	27	assets	asset	NOUN
aijes-6965	38	28	,	,	PUNCT
aijes-6965	38	29	the	the	DET
aijes-6965	38	30	most	most	ADV
aijes-6965	38	31	common	common	ADJ
aijes-6965	38	32	designation	designation	NOUN
aijes-6965	38	33	of	of	ADP
aijes-6965	38	34	which	which	PRON
aijes-6965	38	35	is	be	AUX
aijes-6965	38	36	digital	digital	ADJ
aijes-6965	38	37	currencies	currency	NOUN
aijes-6965	38	38	.	.	PUNCT
aijes-6965	39	1	whether	whether	SCONJ
aijes-6965	39	2	the	the	DET
aijes-6965	39	3	term	term	NOUN
aijes-6965	39	4	"	"	PUNCT
aijes-6965	39	5	cryptocurrency	cryptocurrency	NOUN
aijes-6965	39	6	"	"	PUNCT
aijes-6965	39	7	is	be	AUX
aijes-6965	39	8	a	a	DET
aijes-6965	39	9	complete	complete	ADJ
aijes-6965	39	10	synonym	synonym	NOUN
aijes-6965	39	11	for	for	ADP
aijes-6965	39	12	"	"	PUNCT
aijes-6965	39	13	digital	digital	ADJ
aijes-6965	39	14	currency	currency	NOUN
aijes-6965	39	15	"	"	PUNCT
aijes-6965	39	16	is	be	AUX
aijes-6965	39	17	debatable	debatable	ADJ
aijes-6965	39	18	,	,	PUNCT
aijes-6965	39	19	or	or	CCONJ
aijes-6965	39	20	at	at	ADP
aijes-6965	39	21	least	least	ADJ
aijes-6965	39	22	was	be	AUX
aijes-6965	39	23	previously	previously	ADV
aijes-6965	39	24	,	,	PUNCT
aijes-6965	39	25	when	when	SCONJ
aijes-6965	39	26	the	the	DET
aijes-6965	39	27	concept	concept	NOUN
aijes-6965	39	28	of	of	ADP
aijes-6965	39	29	digital	digital	ADJ
aijes-6965	39	30	currency	currency	NOUN
aijes-6965	39	31	was	be	AUX
aijes-6965	39	32	closely	closely	ADV
aijes-6965	39	33	associated	associate	VERB
aijes-6965	39	34	with	with	ADP
aijes-6965	39	35	decentralization	decentralization	NOUN
aijes-6965	39	36	and	and	CCONJ
aijes-6965	39	37	the	the	DET
aijes-6965	39	38	dlt	dlt	PROPN
aijes-6965	39	39	system	system	NOUN
aijes-6965	39	40	.	.	PUNCT
aijes-6965	40	1	even	even	ADV
aijes-6965	40	2	now	now	ADV
aijes-6965	40	3	,	,	PUNCT
aijes-6965	40	4	it	it	PRON
aijes-6965	40	5	is	be	AUX
aijes-6965	40	6	difficult	difficult	ADJ
aijes-6965	40	7	to	to	PART
aijes-6965	40	8	talk	talk	VERB
aijes-6965	40	9	about	about	ADP
aijes-6965	40	10	one	one	NUM
aijes-6965	40	11	,	,	PUNCT
aijes-6965	40	12	generally	generally	ADV
aijes-6965	40	13	accepted	accept	VERB
aijes-6965	40	14	approach	approach	NOUN
aijes-6965	40	15	to	to	ADP
aijes-6965	40	16	how	how	SCONJ
aijes-6965	40	17	digital	digital	ADJ
aijes-6965	40	18	currencies	currency	NOUN
aijes-6965	40	19	and	and	CCONJ
aijes-6965	40	20	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	40	21	are	be	AUX
aijes-6965	40	22	related	relate	VERB
aijes-6965	40	23	.	.	PUNCT
aijes-6965	41	1	in	in	ADP
aijes-6965	41	2	some	some	DET
aijes-6965	41	3	cases	case	NOUN
aijes-6965	41	4	,	,	PUNCT
aijes-6965	41	5	cryptocurrency	cryptocurrency	NOUN
aijes-6965	41	6	is	be	AUX
aijes-6965	41	7	defined	define	VERB
aijes-6965	41	8	as	as	ADP
aijes-6965	41	9	a	a	DET
aijes-6965	41	10	type	type	NOUN
aijes-6965	41	11	of	of	ADP
aijes-6965	41	12	digital	digital	ADJ
aijes-6965	41	13	currency	currency	NOUN
aijes-6965	41	14	,	,	PUNCT
aijes-6965	41	15	the	the	DET
aijes-6965	41	16	peculiarity	peculiarity	NOUN
aijes-6965	41	17	of	of	ADP
aijes-6965	41	18	which	which	PRON
aijes-6965	41	19	is	be	AUX
aijes-6965	41	20	its	its	PRON
aijes-6965	41	21	private	private	ADJ
aijes-6965	41	22	nature	nature	NOUN
aijes-6965	41	23	and	and	CCONJ
aijes-6965	41	24	the	the	DET
aijes-6965	41	25	ability	ability	NOUN
aijes-6965	41	26	to	to	PART
aijes-6965	41	27	carry	carry	VERB
aijes-6965	41	28	out	out	ADP
aijes-6965	41	29	transactions	transaction	NOUN
aijes-6965	41	30	with	with	ADP
aijes-6965	41	31	each	each	DET
aijes-6965	41	32	other	other	ADJ
aijes-6965	41	33	directly	directly	ADV
aijes-6965	41	34	(	(	PUNCT
aijes-6965	41	35	international	international	ADJ
aijes-6965	41	36	monetary	monetary	ADJ
aijes-6965	41	37	fund	fund	NOUN
aijes-6965	41	38	,	,	PUNCT
aijes-6965	41	39	2021	2021	NUM
aijes-6965	41	40	)	)	PUNCT
aijes-6965	41	41	,	,	PUNCT
aijes-6965	41	42	or	or	CCONJ
aijes-6965	41	43	(	(	PUNCT
aijes-6965	41	44	not	not	PART
aijes-6965	41	45	only	only	ADV
aijes-6965	41	46	for	for	ADP
aijes-6965	41	47	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	41	48	,	,	PUNCT
aijes-6965	41	49	but	but	CCONJ
aijes-6965	41	50	for	for	ADP
aijes-6965	41	51	crypto	crypto	NOUN
aijes-6965	41	52	-	-	NOUN
aijes-6965	41	53	assets	asset	NOUN
aijes-6965	41	54	within	within	ADP
aijes-6965	41	55	digital	digital	ADJ
aijes-6965	41	56	assets	asset	NOUN
aijes-6965	41	57	)	)	PUNCT
aijes-6965	42	1	the	the	DET
aijes-6965	42	2	defining	define	VERB
aijes-6965	42	3	feature	feature	NOUN
aijes-6965	42	4	is	be	AUX
aijes-6965	42	5	the	the	DET
aijes-6965	42	6	combination	combination	NOUN
aijes-6965	42	7	of	of	ADP
aijes-6965	42	8	a	a	DET
aijes-6965	42	9	non	non	ADJ
aijes-6965	42	10	-	-	ADJ
aijes-6965	42	11	state	state	ADJ
aijes-6965	42	12	issuer	issuer	NOUN
aijes-6965	42	13	and	and	CCONJ
aijes-6965	42	14	cryptographic	cryptographic	ADJ
aijes-6965	42	15	methods	method	NOUN
aijes-6965	42	16	that	that	PRON
aijes-6965	42	17	ensure	ensure	VERB
aijes-6965	42	18	the	the	DET
aijes-6965	42	19	security	security	NOUN
aijes-6965	42	20	of	of	ADP
aijes-6965	42	21	the	the	DET
aijes-6965	42	22	value	value	NOUN
aijes-6965	42	23	or	or	CCONJ
aijes-6965	42	24	rights	right	NOUN
aijes-6965	42	25	embodied	embody	VERB
aijes-6965	42	26	in	in	ADP
aijes-6965	42	27	electronic	electronic	ADJ
aijes-6965	42	28	form	form	NOUN
aijes-6965	42	29	.	.	PUNCT
aijes-6965	43	1	as	as	ADP
aijes-6965	43	2	of	of	ADP
aijes-6965	43	3	the	the	DET
aijes-6965	43	4	mid-2010s	mid-2010s	NUM
aijes-6965	43	5	.	.	PUNCT
aijes-6965	44	1	the	the	DET
aijes-6965	44	2	boundaries	boundary	NOUN
aijes-6965	44	3	between	between	ADP
aijes-6965	44	4	digital	digital	PROPN
aijes-6965	44	5	and	and	CCONJ
aijes-6965	44	6	cryptocurrency	cryptocurrency	NOUN
aijes-6965	44	7	have	have	AUX
aijes-6965	44	8	become	become	VERB
aijes-6965	44	9	even	even	ADV
aijes-6965	44	10	more	more	ADV
aijes-6965	44	11	blurred	blurred	ADJ
aijes-6965	44	12	,	,	PUNCT
aijes-6965	44	13	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	44	14	have	have	AUX
aijes-6965	44	15	been	be	AUX
aijes-6965	44	16	the	the	DET
aijes-6965	44	17	most	most	ADV
aijes-6965	44	18	active	active	ADJ
aijes-6965	44	19	and	and	CCONJ
aijes-6965	44	20	have	have	AUX
aijes-6965	44	21	attracted	attract	VERB
aijes-6965	44	22	the	the	DET
aijes-6965	44	23	most	most	ADJ
aijes-6965	44	24	attention	attention	NOUN
aijes-6965	44	25	among	among	ADP
aijes-6965	44	26	all	all	DET
aijes-6965	44	27	digital	digital	ADJ
aijes-6965	44	28	assets	asset	NOUN
aijes-6965	44	29	,	,	PUNCT
aijes-6965	44	30	so	so	SCONJ
aijes-6965	44	31	digital	digital	ADJ
aijes-6965	44	32	currencies	currency	NOUN
aijes-6965	44	33	and	and	CCONJ
aijes-6965	44	34	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	44	35	have	have	AUX
aijes-6965	44	36	often	often	ADV
aijes-6965	44	37	been	be	AUX
aijes-6965	44	38	used	use	VERB
aijes-6965	44	39	(	(	PUNCT
aijes-6965	44	40	and	and	CCONJ
aijes-6965	44	41	sometimes	sometimes	ADV
aijes-6965	44	42	continue	continue	VERB
aijes-6965	44	43	to	to	PART
aijes-6965	44	44	be	be	AUX
aijes-6965	44	45	used	use	VERB
aijes-6965	44	46	)	)	PUNCT
aijes-6965	44	47	as	as	ADP
aijes-6965	44	48	synonyms	synonym	NOUN
aijes-6965	44	49	.	.	PUNCT
aijes-6965	45	1	(	(	PUNCT
aijes-6965	45	2	edward	edward	PROPN
aijes-6965	45	3	l.	l.	PROPN
aijes-6965	45	4	2012	2012	NUM
aijes-6965	45	5	)	)	PUNCT
aijes-6965	45	6	one	one	NUM
aijes-6965	45	7	important	important	ADJ
aijes-6965	45	8	course	course	NOUN
aijes-6965	45	9	of	of	ADP
aijes-6965	45	10	action	action	NOUN
aijes-6965	45	11	with	with	ADP
aijes-6965	45	12	regard	regard	NOUN
aijes-6965	45	13	to	to	ADP
aijes-6965	45	14	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	45	15	,	,	PUNCT
aijes-6965	45	16	or	or	CCONJ
aijes-6965	45	17	more	more	ADJ
aijes-6965	45	18	generally	generally	ADV
aijes-6965	45	19	digital	digital	ADJ
aijes-6965	45	20	currencies	currency	NOUN
aijes-6965	45	21	,	,	PUNCT
aijes-6965	45	22	is	be	AUX
aijes-6965	45	23	regulation	regulation	NOUN
aijes-6965	45	24	and	and	CCONJ
aijes-6965	45	25	legislative	legislative	ADJ
aijes-6965	45	26	recognition	recognition	NOUN
aijes-6965	45	27	.	.	PUNCT
aijes-6965	46	1	although	although	SCONJ
aijes-6965	46	2	even	even	ADV
aijes-6965	46	3	with	with	ADP
aijes-6965	46	4	the	the	DET
aijes-6965	46	5	serious	serious	ADJ
aijes-6965	46	6	impact	impact	NOUN
aijes-6965	46	7	of	of	ADP
aijes-6965	46	8	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	46	9	on	on	ADP
aijes-6965	46	10	the	the	DET
aijes-6965	46	11	financial	financial	ADJ
aijes-6965	46	12	system	system	NOUN
aijes-6965	46	13	,	,	PUNCT
aijes-6965	46	14	states	state	NOUN
aijes-6965	46	15	have	have	AUX
aijes-6965	46	16	not	not	PART
aijes-6965	46	17	always	always	ADV
aijes-6965	46	18	had	have	VERB
aijes-6965	46	19	time	time	NOUN
aijes-6965	46	20	and	and	CCONJ
aijes-6965	46	21	still	still	ADV
aijes-6965	46	22	do	do	AUX
aijes-6965	46	23	not	not	PART
aijes-6965	46	24	always	always	ADV
aijes-6965	46	25	have	have	VERB
aijes-6965	46	26	time	time	NOUN
aijes-6965	46	27	to	to	PART
aijes-6965	46	28	regulate	regulate	VERB
aijes-6965	46	29	the	the	DET
aijes-6965	46	30	digital	digital	ADJ
aijes-6965	46	31	currency	currency	NOUN
aijes-6965	46	32	market	market	NOUN
aijes-6965	46	33	,	,	PUNCT
aijes-6965	46	34	which	which	PRON
aijes-6965	46	35	by	by	ADP
aijes-6965	46	36	2015	2015	NUM
aijes-6965	46	37	reached	reach	VERB
aijes-6965	46	38	the	the	DET
aijes-6965	46	39	evolution	evolution	NOUN
aijes-6965	46	40	of	of	ADP
aijes-6965	46	41	digital	digital	ADJ
aijes-6965	46	42	currencies	currency	NOUN
aijes-6965	46	43	:	:	PUNCT
aijes-6965	46	44	from	from	ADP
aijes-6965	46	45	private	private	ADJ
aijes-6965	46	46	innovation	innovation	NOUN
aijes-6965	46	47	to	to	ADP
aijes-6965	46	48	central	central	ADJ
aijes-6965	46	49	bank	bank	NOUN
aijes-6965	46	50	implementation	implementation	NOUN
aijes-6965	46	51	a	a	DET
aijes-6965	46	52	comprehensive	comprehensive	ADJ
aijes-6965	46	53	analysis	analysis	NOUN
aijes-6965	46	54	of	of	ADP
aijes-6965	46	55	cbdc	cbdc	NOUN
aijes-6965	46	56	development	development	NOUN
aijes-6965	46	57	billions	billion	NOUN
aijes-6965	46	58	,	,	PUNCT
aijes-6965	46	59	and	and	CCONJ
aijes-6965	46	60	later	later	ADV
aijes-6965	46	61	hundreds	hundred	NOUN
aijes-6965	46	62	of	of	ADP
aijes-6965	46	63	billions	billion	NOUN
aijes-6965	46	64	and	and	CCONJ
aijes-6965	46	65	trillions	trillion	NOUN
aijes-6965	46	66	of	of	ADP
aijes-6965	46	67	us	us	PROPN
aijes-6965	46	68	dollars	dollar	NOUN
aijes-6965	46	69	(	(	PUNCT
aijes-6965	46	70	according	accord	VERB
aijes-6965	46	71	to	to	ADP
aijes-6965	46	72	www.tradingview.com	www.tradingview.com	NOUN
aijes-6965	46	73	,	,	PUNCT
aijes-6965	46	74	accessed	access	VERB
aijes-6965	46	75	on	on	ADP
aijes-6965	46	76	05.05.2024	05.05.2024	NUM
aijes-6965	46	77	)	)	PUNCT
aijes-6965	46	78	.	.	PUNCT
aijes-6965	47	1	the	the	DET
aijes-6965	47	2	first	first	ADJ
aijes-6965	47	3	definitions	definition	NOUN
aijes-6965	47	4	of	of	ADP
aijes-6965	47	5	digital	digital	ADJ
aijes-6965	47	6	currencies	currency	NOUN
aijes-6965	47	7	were	be	AUX
aijes-6965	47	8	characterized	characterize	VERB
aijes-6965	47	9	by	by	ADP
aijes-6965	47	10	the	the	DET
aijes-6965	47	11	fact	fact	NOUN
aijes-6965	47	12	that	that	SCONJ
aijes-6965	47	13	researchers	researcher	NOUN
aijes-6965	47	14	placed	place	VERB
aijes-6965	47	15	a	a	DET
aijes-6965	47	16	great	great	ADJ
aijes-6965	47	17	,	,	PUNCT
aijes-6965	47	18	if	if	SCONJ
aijes-6965	47	19	not	not	PART
aijes-6965	47	20	the	the	DET
aijes-6965	47	21	main	main	ADJ
aijes-6965	47	22	emphasis	emphasis	NOUN
aijes-6965	47	23	in	in	ADP
aijes-6965	47	24	their	their	PRON
aijes-6965	47	25	attempts	attempt	NOUN
aijes-6965	47	26	to	to	PART
aijes-6965	47	27	identify	identify	VERB
aijes-6965	47	28	the	the	DET
aijes-6965	47	29	nature	nature	NOUN
aijes-6965	47	30	of	of	ADP
aijes-6965	47	31	digital	digital	ADJ
aijes-6965	47	32	currencies	currency	NOUN
aijes-6965	47	33	in	in	ADP
aijes-6965	47	34	definitions	definition	NOUN
aijes-6965	47	35	on	on	ADP
aijes-6965	47	36	the	the	DET
aijes-6965	47	37	private	private	ADJ
aijes-6965	47	38	nature	nature	NOUN
aijes-6965	47	39	of	of	ADP
aijes-6965	47	40	digital	digital	ADJ
aijes-6965	47	41	currencies	currency	NOUN
aijes-6965	47	42	.	.	PUNCT
aijes-6965	48	1	examples	example	NOUN
aijes-6965	48	2	of	of	ADP
aijes-6965	48	3	this	this	DET
aijes-6965	48	4	early	early	ADJ
aijes-6965	48	5	stage	stage	NOUN
aijes-6965	48	6	of	of	ADP
aijes-6965	48	7	defining	define	VERB
aijes-6965	48	8	the	the	DET
aijes-6965	48	9	nature	nature	NOUN
aijes-6965	48	10	of	of	ADP
aijes-6965	48	11	digital	digital	ADJ
aijes-6965	48	12	currency	currency	NOUN
aijes-6965	48	13	are	be	AUX
aijes-6965	48	14	two	two	NUM
aijes-6965	48	15	definitions	definition	NOUN
aijes-6965	48	16	from	from	ADP
aijes-6965	48	17	the	the	DET
aijes-6965	48	18	european	european	PROPN
aijes-6965	48	19	central	central	PROPN
aijes-6965	48	20	bank	bank	PROPN
aijes-6965	48	21	and	and	CCONJ
aijes-6965	48	22	the	the	DET
aijes-6965	48	23	bank	bank	NOUN
aijes-6965	48	24	for	for	ADP
aijes-6965	48	25	international	international	ADJ
aijes-6965	48	26	settlements	settlement	NOUN
aijes-6965	48	27	from	from	ADP
aijes-6965	48	28	2015	2015	NUM
aijes-6965	48	29	.	.	PUNCT
aijes-6965	49	1	the	the	DET
aijes-6965	49	2	european	european	PROPN
aijes-6965	49	3	central	central	PROPN
aijes-6965	49	4	bank	bank	PROPN
aijes-6965	49	5	,	,	PUNCT
aijes-6965	49	6	in	in	ADP
aijes-6965	49	7	its	its	PRON
aijes-6965	49	8	2015	2015	NUM
aijes-6965	49	9	document	document	NOUN
aijes-6965	49	10	“	"	PUNCT
aijes-6965	49	11	virtual	virtual	ADJ
aijes-6965	49	12	currency	currency	NOUN
aijes-6965	49	13	schemes	scheme	NOUN
aijes-6965	49	14	–	–	PUNCT
aijes-6965	49	15	a	a	DET
aijes-6965	49	16	further	further	ADJ
aijes-6965	49	17	analysis	analysis	NOUN
aijes-6965	49	18	”	"	PUNCT
aijes-6965	49	19	,	,	PUNCT
aijes-6965	49	20	which	which	PRON
aijes-6965	49	21	is	be	AUX
aijes-6965	49	22	a	a	DET
aijes-6965	49	23	continuation	continuation	NOUN
aijes-6965	49	24	of	of	ADP
aijes-6965	49	25	the	the	DET
aijes-6965	49	26	research	research	NOUN
aijes-6965	49	27	work	work	NOUN
aijes-6965	49	28	initiated	initiate	VERB
aijes-6965	49	29	by	by	ADP
aijes-6965	49	30	the	the	DET
aijes-6965	49	31	abovementioned	abovementioned	ADJ
aijes-6965	49	32	publication	publication	NOUN
aijes-6965	49	33	“	"	PUNCT
aijes-6965	49	34	virtual	virtual	ADJ
aijes-6965	49	35	currency	currency	NOUN
aijes-6965	49	36	schemes	scheme	NOUN
aijes-6965	49	37	”	"	PUNCT
aijes-6965	49	38	,	,	PUNCT
aijes-6965	49	39	does	do	AUX
aijes-6965	49	40	not	not	PART
aijes-6965	49	41	distinguish	distinguish	VERB
aijes-6965	49	42	between	between	ADP
aijes-6965	49	43	the	the	DET
aijes-6965	49	44	concepts	concept	NOUN
aijes-6965	49	45	of	of	ADP
aijes-6965	49	46	virtual	virtual	ADJ
aijes-6965	49	47	and	and	CCONJ
aijes-6965	49	48	digital	digital	ADJ
aijes-6965	49	49	currency	currency	NOUN
aijes-6965	49	50	,	,	PUNCT
aijes-6965	49	51	using	use	VERB
aijes-6965	49	52	primarily	primarily	ADV
aijes-6965	49	53	the	the	DET
aijes-6965	49	54	former	former	ADJ
aijes-6965	49	55	term	term	NOUN
aijes-6965	49	56	.	.	PUNCT
aijes-6965	50	1	for	for	ADP
aijes-6965	50	2	example	example	NOUN
aijes-6965	50	3	,	,	PUNCT
aijes-6965	50	4	the	the	DET
aijes-6965	50	5	authors	author	NOUN
aijes-6965	50	6	of	of	ADP
aijes-6965	50	7	the	the	DET
aijes-6965	50	8	report	report	NOUN
aijes-6965	50	9	call	call	VERB
aijes-6965	50	10	bitcoin	bitcoin	NOUN
aijes-6965	50	11	a	a	DET
aijes-6965	50	12	virtual	virtual	ADJ
aijes-6965	50	13	currency	currency	NOUN
aijes-6965	50	14	and	and	CCONJ
aijes-6965	50	15	cite	cite	VERB
aijes-6965	50	16	other	other	ADJ
aijes-6965	50	17	researchers	researcher	NOUN
aijes-6965	50	18	on	on	ADP
aijes-6965	50	19	digital	digital	ADJ
aijes-6965	50	20	currencies	currency	NOUN
aijes-6965	50	21	in	in	ADP
aijes-6965	50	22	the	the	DET
aijes-6965	50	23	context	context	NOUN
aijes-6965	50	24	of	of	ADP
aijes-6965	50	25	discussing	discuss	VERB
aijes-6965	50	26	virtual	virtual	ADJ
aijes-6965	50	27	currency	currency	NOUN
aijes-6965	50	28	.	.	PUNCT
aijes-6965	51	1	the	the	DET
aijes-6965	51	2	report	report	NOUN
aijes-6965	51	3	defines	define	VERB
aijes-6965	51	4	virtual	virtual	ADJ
aijes-6965	51	5	currency	currency	NOUN
aijes-6965	51	6	as	as	ADP
aijes-6965	51	7	a	a	DET
aijes-6965	51	8	digital	digital	ADJ
aijes-6965	51	9	representation	representation	NOUN
aijes-6965	51	10	of	of	ADP
aijes-6965	51	11	value	value	NOUN
aijes-6965	51	12	,	,	PUNCT
aijes-6965	51	13	not	not	PART
aijes-6965	51	14	issued	issue	VERB
aijes-6965	51	15	by	by	ADP
aijes-6965	51	16	a	a	DET
aijes-6965	51	17	central	central	ADJ
aijes-6965	51	18	bank	bank	NOUN
aijes-6965	51	19	,	,	PUNCT
aijes-6965	51	20	credit	credit	NOUN
aijes-6965	51	21	institution	institution	NOUN
aijes-6965	51	22	or	or	CCONJ
aijes-6965	51	23	institution	institution	NOUN
aijes-6965	51	24	specializing	specialize	VERB
aijes-6965	51	25	in	in	ADP
aijes-6965	51	26	electronic	electronic	ADJ
aijes-6965	51	27	money	money	NOUN
aijes-6965	51	28	,	,	PUNCT
aijes-6965	51	29	which	which	PRON
aijes-6965	51	30	in	in	ADP
aijes-6965	51	31	certain	certain	ADJ
aijes-6965	51	32	circumstances	circumstance	NOUN
aijes-6965	51	33	can	can	AUX
aijes-6965	51	34	be	be	AUX
aijes-6965	51	35	used	use	VERB
aijes-6965	51	36	as	as	ADP
aijes-6965	51	37	an	an	DET
aijes-6965	51	38	alternative	alternative	NOUN
aijes-6965	51	39	to	to	ADP
aijes-6965	51	40	money	money	NOUN
aijes-6965	51	41	,	,	PUNCT
aijes-6965	51	42	although	although	SCONJ
aijes-6965	51	43	the	the	DET
aijes-6965	51	44	authors	author	NOUN
aijes-6965	51	45	of	of	ADP
aijes-6965	51	46	the	the	DET
aijes-6965	51	47	report	report	NOUN
aijes-6965	51	48	specifically	specifically	ADV
aijes-6965	51	49	emphasize	emphasize	VERB
aijes-6965	51	50	that	that	SCONJ
aijes-6965	51	51	they	they	PRON
aijes-6965	51	52	do	do	AUX
aijes-6965	51	53	not	not	PART
aijes-6965	51	54	consider	consider	VERB
aijes-6965	51	55	digital	digital	ADJ
aijes-6965	51	56	currency	currency	NOUN
aijes-6965	51	57	to	to	PART
aijes-6965	51	58	be	be	AUX
aijes-6965	51	59	full	full	ADV
aijes-6965	51	60	-	-	PUNCT
aijes-6965	51	61	fledged	fledge	VERB
aijes-6965	51	62	money	money	NOUN
aijes-6965	51	63	.	.	PUNCT
aijes-6965	52	1	the	the	DET
aijes-6965	52	2	bank	bank	NOUN
aijes-6965	52	3	for	for	ADP
aijes-6965	52	4	international	international	ADJ
aijes-6965	52	5	settlements	settlement	NOUN
aijes-6965	52	6	(	(	PUNCT
aijes-6965	52	7	bis	bis	INTJ
aijes-6965	52	8	)	)	PUNCT
aijes-6965	52	9	paper	paper	NOUN
aijes-6965	52	10	digital	digital	ADJ
aijes-6965	52	11	currencies	currency	NOUN
aijes-6965	52	12	does	do	AUX
aijes-6965	52	13	not	not	PART
aijes-6965	52	14	provide	provide	VERB
aijes-6965	52	15	a	a	DET
aijes-6965	52	16	separate	separate	ADJ
aijes-6965	52	17	,	,	PUNCT
aijes-6965	52	18	full	full	ADJ
aijes-6965	52	19	definition	definition	NOUN
aijes-6965	52	20	of	of	ADP
aijes-6965	52	21	digital	digital	ADJ
aijes-6965	52	22	currencies	currency	NOUN
aijes-6965	52	23	;	;	PUNCT
aijes-6965	52	24	it	it	PRON
aijes-6965	52	25	merely	merely	ADV
aijes-6965	52	26	states	state	VERB
aijes-6965	52	27	in	in	ADP
aijes-6965	52	28	a	a	DET
aijes-6965	52	29	footnote	footnote	NOUN
aijes-6965	52	30	that	that	SCONJ
aijes-6965	52	31	they	they	PRON
aijes-6965	52	32	are	be	AUX
aijes-6965	52	33	assets	asset	NOUN
aijes-6965	52	34	in	in	ADP
aijes-6965	52	35	digital	digital	ADJ
aijes-6965	52	36	form	form	NOUN
aijes-6965	52	37	.	.	PUNCT
aijes-6965	53	1	however	however	ADV
aijes-6965	53	2	,	,	PUNCT
aijes-6965	53	3	beyond	beyond	ADP
aijes-6965	53	4	the	the	DET
aijes-6965	53	5	definition	definition	NOUN
aijes-6965	53	6	,	,	PUNCT
aijes-6965	53	7	the	the	DET
aijes-6965	53	8	paper	paper	NOUN
aijes-6965	53	9	does	do	AUX
aijes-6965	53	10	discuss	discuss	VERB
aijes-6965	53	11	the	the	DET
aijes-6965	53	12	qualities	quality	NOUN
aijes-6965	53	13	of	of	ADP
aijes-6965	53	14	digital	digital	ADJ
aijes-6965	53	15	currencies	currency	NOUN
aijes-6965	53	16	in	in	ADP
aijes-6965	53	17	some	some	DET
aijes-6965	53	18	detail	detail	NOUN
aijes-6965	53	19	,	,	PUNCT
aijes-6965	53	20	identifying	identify	VERB
aijes-6965	53	21	three	three	NUM
aijes-6965	53	22	sets	set	NOUN
aijes-6965	53	23	of	of	ADP
aijes-6965	53	24	characteristics	characteristic	NOUN
aijes-6965	53	25	,	,	PUNCT
aijes-6965	53	26	or	or	CCONJ
aijes-6965	53	27	three	three	NUM
aijes-6965	53	28	aspects	aspect	NOUN
aijes-6965	53	29	,	,	PUNCT
aijes-6965	53	30	of	of	ADP
aijes-6965	53	31	digital	digital	ADJ
aijes-6965	53	32	currencies	currency	NOUN
aijes-6965	53	33	.	.	PUNCT
aijes-6965	54	1	first	first	ADV
aijes-6965	54	2	,	,	PUNCT
aijes-6965	54	3	it	it	PRON
aijes-6965	54	4	notes	note	VERB
aijes-6965	54	5	that	that	SCONJ
aijes-6965	54	6	they	they	PRON
aijes-6965	54	7	have	have	VERB
aijes-6965	54	8	some	some	PRON
aijes-6965	54	9	of	of	ADP
aijes-6965	54	10	the	the	DET
aijes-6965	54	11	characteristics	characteristic	NOUN
aijes-6965	54	12	of	of	ADP
aijes-6965	54	13	currencies	currency	NOUN
aijes-6965	54	14	(	(	PUNCT
aijes-6965	54	15	e.g.	e.g.	ADV
aijes-6965	54	16	,	,	PUNCT
aijes-6965	54	17	being	be	AUX
aijes-6965	54	18	used	use	VERB
aijes-6965	54	19	as	as	ADP
aijes-6965	54	20	a	a	DET
aijes-6965	54	21	means	means	NOUN
aijes-6965	54	22	of	of	ADP
aijes-6965	54	23	payment	payment	NOUN
aijes-6965	54	24	)	)	PUNCT
aijes-6965	54	25	,	,	PUNCT
aijes-6965	54	26	but	but	CCONJ
aijes-6965	54	27	are	be	AUX
aijes-6965	54	28	not	not	PART
aijes-6965	54	29	typically	typically	ADV
aijes-6965	54	30	issued	issue	VERB
aijes-6965	54	31	in	in	ADP
aijes-6965	54	32	or	or	CCONJ
aijes-6965	54	33	linked	link	VERB
aijes-6965	54	34	to	to	ADP
aijes-6965	54	35	a	a	DET
aijes-6965	54	36	sovereign	sovereign	ADJ
aijes-6965	54	37	currency	currency	NOUN
aijes-6965	54	38	,	,	PUNCT
aijes-6965	54	39	are	be	AUX
aijes-6965	54	40	not	not	PART
aijes-6965	54	41	obligations	obligation	NOUN
aijes-6965	54	42	of	of	ADP
aijes-6965	54	43	any	any	DET
aijes-6965	54	44	entity	entity	NOUN
aijes-6965	54	45	,	,	PUNCT
aijes-6965	54	46	and	and	CCONJ
aijes-6965	54	47	are	be	AUX
aijes-6965	54	48	not	not	PART
aijes-6965	54	49	backed	back	VERB
aijes-6965	54	50	by	by	ADP
aijes-6965	54	51	any	any	DET
aijes-6965	54	52	authority	authority	NOUN
aijes-6965	54	53	,	,	PUNCT
aijes-6965	54	54	have	have	VERB
aijes-6965	54	55	zero	zero	NUM
aijes-6965	54	56	intrinsic	intrinsic	ADJ
aijes-6965	54	57	value	value	NOUN
aijes-6965	54	58	,	,	PUNCT
aijes-6965	54	59	and	and	CCONJ
aijes-6965	54	60	therefore	therefore	ADV
aijes-6965	54	61	derive	derive	VERB
aijes-6965	54	62	value	value	NOUN
aijes-6965	54	63	only	only	ADV
aijes-6965	54	64	from	from	ADP
aijes-6965	54	65	the	the	DET
aijes-6965	54	66	confidence	confidence	NOUN
aijes-6965	54	67	of	of	ADP
aijes-6965	54	68	users	user	NOUN
aijes-6965	54	69	that	that	SCONJ
aijes-6965	54	70	they	they	PRON
aijes-6965	54	71	can	can	AUX
aijes-6965	54	72	be	be	AUX
aijes-6965	54	73	exchanged	exchange	VERB
aijes-6965	54	74	for	for	ADP
aijes-6965	54	75	other	other	ADJ
aijes-6965	54	76	goods	good	NOUN
aijes-6965	54	77	or	or	CCONJ
aijes-6965	54	78	services	service	NOUN
aijes-6965	54	79	or	or	CCONJ
aijes-6965	54	80	for	for	ADP
aijes-6965	54	81	a	a	DET
aijes-6965	54	82	specified	specify	VERB
aijes-6965	54	83	amount	amount	NOUN
aijes-6965	54	84	of	of	ADP
aijes-6965	54	85	sovereign	sovereign	ADJ
aijes-6965	54	86	currency	currency	NOUN
aijes-6965	54	87	at	at	ADP
aijes-6965	54	88	a	a	DET
aijes-6965	54	89	later	later	ADJ
aijes-6965	54	90	point	point	NOUN
aijes-6965	54	91	in	in	ADP
aijes-6965	54	92	time	time	NOUN
aijes-6965	54	93	.	.	PUNCT
aijes-6965	55	1	second	second	ADV
aijes-6965	55	2	,	,	PUNCT
aijes-6965	55	3	the	the	DET
aijes-6965	55	4	authors	author	NOUN
aijes-6965	55	5	highlight	highlight	VERB
aijes-6965	55	6	the	the	DET
aijes-6965	55	7	way	way	NOUN
aijes-6965	55	8	these	these	DET
aijes-6965	55	9	digital	digital	ADJ
aijes-6965	55	10	currencies	currency	NOUN
aijes-6965	55	11	are	be	AUX
aijes-6965	55	12	transferred	transfer	VERB
aijes-6965	55	13	or	or	CCONJ
aijes-6965	55	14	distributed	distribute	VERB
aijes-6965	55	15	,	,	PUNCT
aijes-6965	55	16	typically	typically	ADV
aijes-6965	55	17	through	through	ADP
aijes-6965	55	18	an	an	DET
aijes-6965	55	19	embedded	embed	VERB
aijes-6965	55	20	distributed	distribute	VERB
aijes-6965	55	21	ledger	ledger	NOUN
aijes-6965	55	22	,	,	PUNCT
aijes-6965	55	23	as	as	ADP
aijes-6965	55	24	“	"	PUNCT
aijes-6965	55	25	a	a	DET
aijes-6965	55	26	truly	truly	ADV
aijes-6965	55	27	innovative	innovative	ADJ
aijes-6965	55	28	aspect	aspect	NOUN
aijes-6965	55	29	.	.	PUNCT
aijes-6965	55	30	”	"	PUNCT
aijes-6965	56	1	third	third	ADV
aijes-6965	56	2	,	,	PUNCT
aijes-6965	56	3	the	the	DET
aijes-6965	56	4	authors	author	NOUN
aijes-6965	56	5	note	note	VERB
aijes-6965	56	6	the	the	DET
aijes-6965	56	7	variety	variety	NOUN
aijes-6965	56	8	of	of	ADP
aijes-6965	56	9	third	third	ADJ
aijes-6965	56	10	-	-	PUNCT
aijes-6965	56	11	party	party	NOUN
aijes-6965	56	12	institutions	institution	NOUN
aijes-6965	56	13	,	,	PUNCT
aijes-6965	56	14	almost	almost	ADV
aijes-6965	56	15	exclusively	exclusively	ADV
aijes-6965	56	16	non	non	NOUN
aijes-6965	56	17	-	-	NOUN
aijes-6965	56	18	banks	bank	NOUN
aijes-6965	56	19	,	,	PUNCT
aijes-6965	56	20	that	that	PRON
aijes-6965	56	21	are	be	AUX
aijes-6965	56	22	actively	actively	ADV
aijes-6965	56	23	developing	develop	VERB
aijes-6965	56	24	and	and	CCONJ
aijes-6965	56	25	operating	operate	VERB
aijes-6965	56	26	digital	digital	ADJ
aijes-6965	56	27	currency	currency	NOUN
aijes-6965	56	28	and	and	CCONJ
aijes-6965	56	29	distributed	distribute	VERB
aijes-6965	56	30	ledger	ledger	NOUN
aijes-6965	56	31	mechanisms	mechanism	NOUN
aijes-6965	56	32	.	.	PUNCT
aijes-6965	57	1	it	it	PRON
aijes-6965	57	2	should	should	AUX
aijes-6965	57	3	be	be	AUX
aijes-6965	57	4	noted	note	VERB
aijes-6965	57	5	that	that	SCONJ
aijes-6965	57	6	distributed	distribute	VERB
aijes-6965	57	7	ledger	ledger	NOUN
aijes-6965	57	8	technology	technology	NOUN
aijes-6965	57	9	is	be	AUX
aijes-6965	57	10	not	not	PART
aijes-6965	57	11	limited	limit	VERB
aijes-6965	57	12	to	to	ADP
aijes-6965	57	13	the	the	DET
aijes-6965	57	14	transfer	transfer	NOUN
aijes-6965	57	15	of	of	ADP
aijes-6965	57	16	currency	currency	NOUN
aijes-6965	57	17	from	from	ADP
aijes-6965	57	18	one	one	NUM
aijes-6965	57	19	user	user	NOUN
aijes-6965	57	20	to	to	ADP
aijes-6965	57	21	another	another	PRON
aijes-6965	57	22	;	;	PUNCT
aijes-6965	57	23	a	a	DET
aijes-6965	57	24	transaction	transaction	NOUN
aijes-6965	57	25	is	be	AUX
aijes-6965	57	26	an	an	DET
aijes-6965	57	27	entry	entry	NOUN
aijes-6965	57	28	in	in	ADP
aijes-6965	57	29	the	the	DET
aijes-6965	57	30	ledger	ledger	NOUN
aijes-6965	57	31	,	,	PUNCT
aijes-6965	57	32	which	which	PRON
aijes-6965	57	33	in	in	ADP
aijes-6965	57	34	turn	turn	NOUN
aijes-6965	57	35	is	be	AUX
aijes-6965	57	36	copied	copy	VERB
aijes-6965	57	37	among	among	ADP
aijes-6965	57	38	all	all	DET
aijes-6965	57	39	network	network	NOUN
aijes-6965	57	40	participants	participant	NOUN
aijes-6965	57	41	,	,	PUNCT
aijes-6965	57	42	or	or	CCONJ
aijes-6965	57	43	“	"	PUNCT
aijes-6965	57	44	distributed	distribute	VERB
aijes-6965	57	45	,	,	PUNCT
aijes-6965	57	46	”	"	PUNCT
aijes-6965	57	47	hence	hence	ADV
aijes-6965	57	48	the	the	DET
aijes-6965	57	49	name	name	NOUN
aijes-6965	57	50	distributed	distribute	VERB
aijes-6965	57	51	ledger	ledger	NOUN
aijes-6965	57	52	technology	technology	NOUN
aijes-6965	57	53	.	.	PUNCT
aijes-6965	58	1	both	both	DET
aijes-6965	58	2	definitions	definition	NOUN
aijes-6965	58	3	highlight	highlight	VERB
aijes-6965	58	4	the	the	DET
aijes-6965	58	5	fact	fact	NOUN
aijes-6965	58	6	that	that	SCONJ
aijes-6965	58	7	digital	digital	ADJ
aijes-6965	58	8	(	(	PUNCT
aijes-6965	58	9	or	or	CCONJ
aijes-6965	58	10	virtual	virtual	ADJ
aijes-6965	58	11	)	)	PUNCT
aijes-6965	58	12	currencies	currency	NOUN
aijes-6965	58	13	are	be	AUX
aijes-6965	58	14	not	not	PART
aijes-6965	58	15	issued	issue	VERB
aijes-6965	58	16	by	by	ADP
aijes-6965	58	17	central	central	ADJ
aijes-6965	58	18	banks	bank	NOUN
aijes-6965	58	19	.	.	PUNCT
aijes-6965	59	1	there	there	PRON
aijes-6965	59	2	is	be	VERB
aijes-6965	59	3	some	some	DET
aijes-6965	59	4	difference	difference	NOUN
aijes-6965	59	5	in	in	ADP
aijes-6965	59	6	the	the	DET
aijes-6965	59	7	way	way	NOUN
aijes-6965	59	8	the	the	DET
aijes-6965	59	9	reports	report	NOUN
aijes-6965	59	10	emphasize	emphasize	VERB
aijes-6965	59	11	distributed	distribute	VERB
aijes-6965	59	12	ledger	ledger	NOUN
aijes-6965	59	13	technology	technology	NOUN
aijes-6965	59	14	.	.	PUNCT
aijes-6965	60	1	the	the	DET
aijes-6965	60	2	european	european	PROPN
aijes-6965	60	3	bank	bank	PROPN
aijes-6965	60	4	stated	state	VERB
aijes-6965	60	5	that	that	SCONJ
aijes-6965	60	6	a	a	DET
aijes-6965	60	7	virtual	virtual	ADJ
aijes-6965	60	8	currency	currency	NOUN
aijes-6965	60	9	may	may	AUX
aijes-6965	60	10	or	or	CCONJ
aijes-6965	60	11	may	may	AUX
aijes-6965	60	12	not	not	PART
aijes-6965	60	13	use	use	VERB
aijes-6965	60	14	dlt	dlt	PROPN
aijes-6965	60	15	,	,	PUNCT
aijes-6965	60	16	the	the	DET
aijes-6965	60	17	bis	bis	NOUN
aijes-6965	60	18	stated	state	VERB
aijes-6965	60	19	that	that	SCONJ
aijes-6965	60	20	dlt	dlt	PROPN
aijes-6965	60	21	is	be	AUX
aijes-6965	60	22	typically	typically	ADV
aijes-6965	60	23	used	use	VERB
aijes-6965	60	24	as	as	ADP
aijes-6965	60	25	the	the	DET
aijes-6965	60	26	“	"	PUNCT
aijes-6965	60	27	transfer	transfer	NOUN
aijes-6965	60	28	technology	technology	NOUN
aijes-6965	60	29	”	"	PUNCT
aijes-6965	60	30	of	of	ADP
aijes-6965	60	31	digital	digital	ADJ
aijes-6965	60	32	currencies	currency	NOUN
aijes-6965	60	33	.	.	PUNCT
aijes-6965	61	1	dlt	dlt	PROPN
aijes-6965	61	2	was	be	AUX
aijes-6965	61	3	thus	thus	ADV
aijes-6965	61	4	a	a	DET
aijes-6965	61	5	popular	popular	ADJ
aijes-6965	61	6	but	but	CCONJ
aijes-6965	61	7	optional	optional	ADJ
aijes-6965	61	8	feature	feature	NOUN
aijes-6965	61	9	of	of	ADP
aijes-6965	61	10	digital	digital	ADJ
aijes-6965	61	11	currencies	currency	NOUN
aijes-6965	61	12	.	.	PUNCT
aijes-6965	62	1	it	it	PRON
aijes-6965	62	2	is	be	AUX
aijes-6965	62	3	worth	worth	ADJ
aijes-6965	62	4	noting	note	VERB
aijes-6965	62	5	that	that	SCONJ
aijes-6965	62	6	by	by	ADP
aijes-6965	62	7	2014	2014	NUM
aijes-6965	62	8	,	,	PUNCT
aijes-6965	62	9	at	at	ADP
aijes-6965	62	10	least	least	ADJ
aijes-6965	62	11	two	two	NUM
aijes-6965	62	12	of	of	ADP
aijes-6965	62	13	the	the	DET
aijes-6965	62	14	most	most	ADV
aijes-6965	62	15	authoritative	authoritative	ADJ
aijes-6965	62	16	monetary	monetary	ADJ
aijes-6965	62	17	institutions	institution	NOUN
aijes-6965	62	18	saw	see	VERB
aijes-6965	62	19	one	one	NUM
aijes-6965	62	20	of	of	ADP
aijes-6965	62	21	the	the	DET
aijes-6965	62	22	main	main	ADJ
aijes-6965	62	23	features	feature	NOUN
aijes-6965	62	24	of	of	ADP
aijes-6965	62	25	digital	digital	ADJ
aijes-6965	62	26	currencies	currency	NOUN
aijes-6965	62	27	as	as	ADP
aijes-6965	62	28	independence	independence	NOUN
aijes-6965	62	29	from	from	ADP
aijes-6965	62	30	central	central	ADJ
aijes-6965	62	31	banks	bank	NOUN
aijes-6965	62	32	,	,	PUNCT
aijes-6965	62	33	the	the	DET
aijes-6965	62	34	private	private	ADJ
aijes-6965	62	35	nature	nature	NOUN
aijes-6965	62	36	of	of	ADP
aijes-6965	62	37	these	these	DET
aijes-6965	62	38	assets	asset	NOUN
aijes-6965	62	39	.	.	PUNCT
aijes-6965	63	1	ali	ali	PROPN
aijes-6965	63	2	yusifov	yusifov	PROPN
aijes-6965	63	3	classification	classification	NOUN
aijes-6965	63	4	of	of	ADP
aijes-6965	63	5	money	money	NOUN
aijes-6965	63	6	.	.	PUNCT
aijes-6965	64	1	since	since	SCONJ
aijes-6965	64	2	2014	2014	NUM
aijes-6965	64	3	,	,	PUNCT
aijes-6965	64	4	monetary	monetary	ADJ
aijes-6965	64	5	authorities	authority	NOUN
aijes-6965	64	6	in	in	ADP
aijes-6965	64	7	different	different	ADJ
aijes-6965	64	8	countries	country	NOUN
aijes-6965	64	9	have	have	AUX
aijes-6965	64	10	begun	begin	VERB
aijes-6965	64	11	to	to	PART
aijes-6965	64	12	announce	announce	VERB
aijes-6965	64	13	the	the	DET
aijes-6965	64	14	start	start	NOUN
aijes-6965	64	15	of	of	ADP
aijes-6965	64	16	studying	study	VERB
aijes-6965	64	17	the	the	DET
aijes-6965	64	18	prospects	prospect	NOUN
aijes-6965	64	19	of	of	ADP
aijes-6965	64	20	central	central	ADJ
aijes-6965	64	21	bank	bank	NOUN
aijes-6965	64	22	digital	digital	ADJ
aijes-6965	64	23	currencies	currency	NOUN
aijes-6965	64	24	.	.	PUNCT
aijes-6965	65	1	in	in	ADP
aijes-6965	65	2	2014	2014	NUM
aijes-6965	65	3	,	,	PUNCT
aijes-6965	65	4	information	information	NOUN
aijes-6965	65	5	appeared	appear	VERB
aijes-6965	65	6	about	about	ADP
aijes-6965	65	7	the	the	DET
aijes-6965	65	8	start	start	NOUN
aijes-6965	65	9	of	of	ADP
aijes-6965	65	10	preliminary	preliminary	ADJ
aijes-6965	65	11	research	research	NOUN
aijes-6965	65	12	in	in	ADP
aijes-6965	65	13	the	the	DET
aijes-6965	65	14	field	field	NOUN
aijes-6965	65	15	of	of	ADP
aijes-6965	65	16	cbdc	cbdc	NOUN
aijes-6965	65	17	by	by	ADP
aijes-6965	65	18	the	the	DET
aijes-6965	65	19	bank	bank	PROPN
aijes-6965	65	20	of	of	ADP
aijes-6965	65	21	uruguay	uruguay	PROPN
aijes-6965	65	22	.	.	PUNCT
aijes-6965	66	1	in	in	ADP
aijes-6965	66	2	2016	2016	NUM
aijes-6965	66	3	,	,	PUNCT
aijes-6965	66	4	the	the	DET
aijes-6965	66	5	stella	stella	NOUN
aijes-6965	66	6	project	project	NOUN
aijes-6965	66	7	was	be	AUX
aijes-6965	66	8	launched	launch	VERB
aijes-6965	66	9	a	a	DET
aijes-6965	66	10	series	series	NOUN
aijes-6965	66	11	of	of	ADP
aijes-6965	66	12	studies	study	NOUN
aijes-6965	66	13	on	on	ADP
aijes-6965	66	14	the	the	DET
aijes-6965	66	15	use	use	NOUN
aijes-6965	66	16	of	of	ADP
aijes-6965	66	17	dlt	dlt	PROPN
aijes-6965	66	18	in	in	ADP
aijes-6965	66	19	financial	financial	ADJ
aijes-6965	66	20	architecture	architecture	NOUN
aijes-6965	66	21	as	as	ADP
aijes-6965	66	22	part	part	NOUN
aijes-6965	66	23	of	of	ADP
aijes-6965	66	24	cooperation	cooperation	NOUN
aijes-6965	66	25	between	between	ADP
aijes-6965	66	26	the	the	DET
aijes-6965	66	27	european	european	PROPN
aijes-6965	66	28	central	central	PROPN
aijes-6965	66	29	bank	bank	PROPN
aijes-6965	66	30	and	and	CCONJ
aijes-6965	66	31	the	the	DET
aijes-6965	66	32	central	central	ADJ
aijes-6965	66	33	bank	bank	PROPN
aijes-6965	66	34	of	of	ADP
aijes-6965	66	35	japan	japan	PROPN
aijes-6965	66	36	(	(	PUNCT
aijes-6965	66	37	bank	bank	PROPN
aijes-6965	66	38	of	of	ADP
aijes-6965	66	39	japan	japan	PROPN
aijes-6965	66	40	,	,	PUNCT
aijes-6965	66	41	2020	2020	NUM
aijes-6965	66	42	)	)	PUNCT
aijes-6965	66	43	.	.	PUNCT
aijes-6965	67	1	in	in	ADP
aijes-6965	67	2	2017	2017	NUM
aijes-6965	67	3	,	,	PUNCT
aijes-6965	67	4	their	their	PRON
aijes-6965	67	5	report	report	NOUN
aijes-6965	67	6	on	on	ADP
aijes-6965	67	7	the	the	DET
aijes-6965	67	8	first	first	ADJ
aijes-6965	67	9	phase	phase	NOUN
aijes-6965	67	10	of	of	ADP
aijes-6965	67	11	the	the	DET
aijes-6965	67	12	project	project	NOUN
aijes-6965	67	13	was	be	AUX
aijes-6965	67	14	published	publish	VERB
aijes-6965	67	15	.	.	PUNCT
aijes-6965	68	1	one	one	NUM
aijes-6965	68	2	of	of	ADP
aijes-6965	68	3	the	the	DET
aijes-6965	68	4	most	most	ADV
aijes-6965	68	5	significant	significant	ADJ
aijes-6965	68	6	and	and	CCONJ
aijes-6965	68	7	well	well	ADV
aijes-6965	68	8	-	-	PUNCT
aijes-6965	68	9	known	know	VERB
aijes-6965	68	10	events	event	NOUN
aijes-6965	68	11	in	in	ADP
aijes-6965	68	12	this	this	DET
aijes-6965	68	13	area	area	NOUN
aijes-6965	68	14	was	be	AUX
aijes-6965	68	15	the	the	DET
aijes-6965	68	16	launch	launch	NOUN
aijes-6965	68	17	of	of	ADP
aijes-6965	68	18	the	the	DET
aijes-6965	68	19	development	development	NOUN
aijes-6965	68	20	and	and	CCONJ
aijes-6965	68	21	subsequent	subsequent	ADJ
aijes-6965	68	22	testing	testing	NOUN
aijes-6965	68	23	of	of	ADP
aijes-6965	68	24	the	the	DET
aijes-6965	68	25	digital	digital	PROPN
aijes-6965	68	26	yuan	yuan	PROPN
aijes-6965	68	27	(	(	PUNCT
aijes-6965	68	28	official	official	ADJ
aijes-6965	68	29	name	name	NOUN
aijes-6965	68	30	dcep	dcep	NOUN
aijes-6965	68	31	,	,	PUNCT
aijes-6965	68	32	also	also	ADV
aijes-6965	68	33	referred	refer	VERB
aijes-6965	68	34	to	to	ADP
aijes-6965	68	35	as	as	ADP
aijes-6965	68	36	digital	digital	ADJ
aijes-6965	68	37	renminbi	renminbi	NOUN
aijes-6965	68	38	in	in	ADP
aijes-6965	68	39	english	english	PROPN
aijes-6965	68	40	sources	source	NOUN
aijes-6965	68	41	)	)	PUNCT
aijes-6965	68	42	.	.	PUNCT
aijes-6965	69	1	as	as	SCONJ
aijes-6965	69	2	central	central	ADJ
aijes-6965	69	3	banks	bank	NOUN
aijes-6965	69	4	have	have	AUX
aijes-6965	69	5	become	become	VERB
aijes-6965	69	6	increasingly	increasingly	ADV
aijes-6965	69	7	interested	interested	ADJ
aijes-6965	69	8	in	in	ADP
aijes-6965	69	9	digital	digital	ADJ
aijes-6965	69	10	currencies	currency	NOUN
aijes-6965	69	11	and	and	CCONJ
aijes-6965	69	12	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	69	13	,	,	PUNCT
aijes-6965	69	14	and	and	CCONJ
aijes-6965	69	15	many	many	ADJ
aijes-6965	69	16	have	have	AUX
aijes-6965	69	17	begun	begin	VERB
aijes-6965	69	18	researching	research	VERB
aijes-6965	69	19	central	central	ADJ
aijes-6965	69	20	bank	bank	NOUN
aijes-6965	69	21	digital	digital	ADJ
aijes-6965	69	22	currencies	currency	NOUN
aijes-6965	69	23	,	,	PUNCT
aijes-6965	69	24	the	the	DET
aijes-6965	69	25	contradiction	contradiction	NOUN
aijes-6965	69	26	between	between	ADP
aijes-6965	69	27	the	the	DET
aijes-6965	69	28	supposed	suppose	VERB
aijes-6965	69	29	independence	independence	NOUN
aijes-6965	69	30	of	of	ADP
aijes-6965	69	31	central	central	ADJ
aijes-6965	69	32	banks	bank	NOUN
aijes-6965	69	33	from	from	ADP
aijes-6965	69	34	central	central	ADJ
aijes-6965	69	35	regulators	regulator	NOUN
aijes-6965	69	36	and	and	CCONJ
aijes-6965	69	37	the	the	DET
aijes-6965	69	38	fact	fact	NOUN
aijes-6965	69	39	that	that	SCONJ
aijes-6965	69	40	monetary	monetary	ADJ
aijes-6965	69	41	authorities	authority	NOUN
aijes-6965	69	42	are	be	AUX
aijes-6965	69	43	planning	plan	VERB
aijes-6965	69	44	to	to	PART
aijes-6965	69	45	issue	issue	VERB
aijes-6965	69	46	digital	digital	ADJ
aijes-6965	69	47	currencies	currency	NOUN
aijes-6965	69	48	has	have	AUX
aijes-6965	69	49	become	become	VERB
aijes-6965	69	50	increasingly	increasingly	ADV
aijes-6965	69	51	apparent	apparent	ADJ
aijes-6965	69	52	.	.	PUNCT
aijes-6965	70	1	a	a	DET
aijes-6965	70	2	major	major	ADJ
aijes-6965	70	3	influence	influence	NOUN
aijes-6965	70	4	on	on	ADP
aijes-6965	70	5	the	the	DET
aijes-6965	70	6	popular	popular	ADJ
aijes-6965	70	7	understanding	understanding	NOUN
aijes-6965	70	8	of	of	ADP
aijes-6965	70	9	digital	digital	ADJ
aijes-6965	70	10	currencies	currency	NOUN
aijes-6965	70	11	has	have	AUX
aijes-6965	70	12	been	be	AUX
aijes-6965	70	13	the	the	DET
aijes-6965	70	14	taxonomy	taxonomy	NOUN
aijes-6965	70	15	of	of	ADP
aijes-6965	70	16	money	money	NOUN
aijes-6965	70	17	by	by	ADP
aijes-6965	70	18	m.	m.	NOUN
aijes-6965	70	19	bech	bech	PROPN
aijes-6965	70	20	and	and	CCONJ
aijes-6965	70	21	r.	r.	PROPN
aijes-6965	70	22	garratt	garratt	PROPN
aijes-6965	70	23	in	in	ADP
aijes-6965	70	24	2017	2017	NUM
aijes-6965	70	25	,	,	PUNCT
aijes-6965	70	26	the	the	DET
aijes-6965	70	27	so	so	ADV
aijes-6965	70	28	-	-	PUNCT
aijes-6965	70	29	called	call	VERB
aijes-6965	70	30	money	money	NOUN
aijes-6965	70	31	flower	flower	NOUN
aijes-6965	70	32	in	in	ADP
aijes-6965	70	33	the	the	DET
aijes-6965	70	34	work	work	NOUN
aijes-6965	70	35	“	"	PUNCT
aijes-6965	70	36	central	central	ADJ
aijes-6965	70	37	bank	bank	NOUN
aijes-6965	70	38	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	70	39	”	"	PUNCT
aijes-6965	70	40	.	.	PUNCT
aijes-6965	71	1	this	this	DET
aijes-6965	71	2	method	method	NOUN
aijes-6965	71	3	of	of	ADP
aijes-6965	71	4	classifying	classify	VERB
aijes-6965	71	5	money	money	NOUN
aijes-6965	71	6	is	be	AUX
aijes-6965	71	7	based	base	VERB
aijes-6965	71	8	on	on	ADP
aijes-6965	71	9	the	the	DET
aijes-6965	71	10	identification	identification	NOUN
aijes-6965	71	11	of	of	ADP
aijes-6965	71	12	four	four	NUM
aijes-6965	71	13	characteristics	characteristic	NOUN
aijes-6965	71	14	of	of	ADP
aijes-6965	71	15	a	a	DET
aijes-6965	71	16	monetary	monetary	ADJ
aijes-6965	71	17	unit	unit	NOUN
aijes-6965	71	18	:	:	PUNCT
aijes-6965	71	19	issuer	issuer	NOUN
aijes-6965	71	20	(	(	PUNCT
aijes-6965	71	21	central	central	ADJ
aijes-6965	71	22	bank	bank	NOUN
aijes-6965	71	23	or	or	CCONJ
aijes-6965	71	24	other	other	ADJ
aijes-6965	71	25	)	)	PUNCT
aijes-6965	71	26	;	;	PUNCT
aijes-6965	71	27	form	form	NOUN
aijes-6965	71	28	(	(	PUNCT
aijes-6965	71	29	electronic	electronic	ADJ
aijes-6965	71	30	or	or	CCONJ
aijes-6965	71	31	physical	physical	ADJ
aijes-6965	71	32	)	)	PUNCT
aijes-6965	71	33	;	;	PUNCT
aijes-6965	71	34	availability	availability	NOUN
aijes-6965	71	35	(	(	PUNCT
aijes-6965	71	36	universal	universal	ADJ
aijes-6965	71	37	or	or	CCONJ
aijes-6965	71	38	limited	limited	ADJ
aijes-6965	71	39	)	)	PUNCT
aijes-6965	71	40	;	;	PUNCT
aijes-6965	71	41	transmission	transmission	NOUN
aijes-6965	71	42	mechanism	mechanism	NOUN
aijes-6965	71	43	or	or	CCONJ
aijes-6965	71	44	peer	peer	NOUN
aijes-6965	71	45	-	-	PUNCT
aijes-6965	71	46	topeer	topeer	NOUN
aijes-6965	71	47	nature	nature	NOUN
aijes-6965	71	48	of	of	ADP
aijes-6965	71	49	the	the	DET
aijes-6965	71	50	transaction	transaction	NOUN
aijes-6965	71	51	network	network	NOUN
aijes-6965	71	52	(	(	PUNCT
aijes-6965	71	53	centralized	centralized	ADJ
aijes-6965	71	54	or	or	CCONJ
aijes-6965	71	55	decentralized	decentralize	VERB
aijes-6965	71	56	,	,	PUNCT
aijes-6965	71	57	i.e.	i.e.	X
aijes-6965	71	58	peer	peer	NOUN
aijes-6965	71	59	-	-	PUNCT
aijes-6965	71	60	to	to	ADP
aijes-6965	71	61	-	-	PUNCT
aijes-6965	71	62	peer	peer	NOUN
aijes-6965	71	63	)	)	PUNCT
aijes-6965	71	64	.	.	PUNCT
aijes-6965	72	1	in	in	ADP
aijes-6965	72	2	the	the	DET
aijes-6965	72	3	latter	latter	ADJ
aijes-6965	72	4	case	case	NOUN
aijes-6965	72	5	,	,	PUNCT
aijes-6965	72	6	a	a	DET
aijes-6965	72	7	centralized	centralized	ADJ
aijes-6965	72	8	transmission	transmission	NOUN
aijes-6965	72	9	mechanism	mechanism	NOUN
aijes-6965	72	10	implies	imply	VERB
aijes-6965	72	11	the	the	DET
aijes-6965	72	12	presence	presence	NOUN
aijes-6965	72	13	of	of	ADP
aijes-6965	72	14	a	a	DET
aijes-6965	72	15	hierarchy	hierarchy	NOUN
aijes-6965	72	16	of	of	ADP
aijes-6965	72	17	at	at	ADV
aijes-6965	72	18	least	least	ADV
aijes-6965	72	19	two	two	NUM
aijes-6965	72	20	participants	participant	NOUN
aijes-6965	72	21	in	in	ADP
aijes-6965	72	22	the	the	DET
aijes-6965	72	23	transaction	transaction	NOUN
aijes-6965	72	24	:	:	PUNCT
aijes-6965	72	25	the	the	DET
aijes-6965	72	26	parties	party	NOUN
aijes-6965	72	27	to	to	ADP
aijes-6965	72	28	the	the	DET
aijes-6965	72	29	transaction	transaction	NOUN
aijes-6965	72	30	at	at	ADP
aijes-6965	72	31	the	the	DET
aijes-6965	72	32	lower	low	ADJ
aijes-6965	72	33	level	level	NOUN
aijes-6965	72	34	and	and	CCONJ
aijes-6965	72	35	the	the	DET
aijes-6965	72	36	regulator	regulator	NOUN
aijes-6965	72	37	,	,	PUNCT
aijes-6965	72	38	who	who	PRON
aijes-6965	72	39	is	be	AUX
aijes-6965	72	40	also	also	ADV
aijes-6965	72	41	the	the	DET
aijes-6965	72	42	guarantor	guarantor	NOUN
aijes-6965	72	43	of	of	ADP
aijes-6965	72	44	the	the	DET
aijes-6965	72	45	transaction	transaction	NOUN
aijes-6965	72	46	at	at	ADP
aijes-6965	72	47	the	the	DET
aijes-6965	72	48	upper	upper	ADJ
aijes-6965	72	49	level	level	NOUN
aijes-6965	72	50	.	.	PUNCT
aijes-6965	73	1	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	73	2	that	that	PRON
aijes-6965	73	3	run	run	VERB
aijes-6965	73	4	on	on	ADP
aijes-6965	73	5	a	a	DET
aijes-6965	73	6	distributed	distribute	VERB
aijes-6965	73	7	ledger	ledger	NOUN
aijes-6965	73	8	can	can	AUX
aijes-6965	73	9	be	be	AUX
aijes-6965	73	10	considered	consider	VERB
aijes-6965	73	11	a	a	DET
aijes-6965	73	12	peer	peer	NOUN
aijes-6965	73	13	-	-	PUNCT
aijes-6965	73	14	to	to	ADP
aijes-6965	73	15	-	-	PUNCT
aijes-6965	73	16	peer	peer	NOUN
aijes-6965	73	17	network	network	NOUN
aijes-6965	73	18	because	because	SCONJ
aijes-6965	73	19	dlt	dlt	PROPN
aijes-6965	73	20	eliminates	eliminate	VERB
aijes-6965	73	21	intermediaries	intermediary	NOUN
aijes-6965	73	22	;	;	PUNCT
aijes-6965	73	23	cash	cash	NOUN
aijes-6965	73	24	can	can	AUX
aijes-6965	73	25	also	also	ADV
aijes-6965	73	26	be	be	AUX
aijes-6965	73	27	considered	consider	VERB
aijes-6965	73	28	a	a	DET
aijes-6965	73	29	peer	peer	NOUN
aijes-6965	73	30	-	-	PUNCT
aijes-6965	73	31	to	to	ADP
aijes-6965	73	32	-	-	PUNCT
aijes-6965	73	33	peer	peer	NOUN
aijes-6965	73	34	network	network	NOUN
aijes-6965	73	35	because	because	SCONJ
aijes-6965	73	36	a	a	DET
aijes-6965	73	37	cash	cash	NOUN
aijes-6965	73	38	transaction	transaction	NOUN
aijes-6965	73	39	does	do	AUX
aijes-6965	73	40	not	not	PART
aijes-6965	73	41	require	require	VERB
aijes-6965	73	42	a	a	DET
aijes-6965	73	43	guarantor	guarantor	NOUN
aijes-6965	73	44	like	like	ADP
aijes-6965	73	45	a	a	DET
aijes-6965	73	46	bank	bank	NOUN
aijes-6965	73	47	.	.	PUNCT
aijes-6965	74	1	(	(	PUNCT
aijes-6965	74	2	federal	federal	PROPN
aijes-6965	74	3	reserve	reserve	PROPN
aijes-6965	74	4	bank	bank	PROPN
aijes-6965	74	5	of	of	ADP
aijes-6965	74	6	new	new	PROPN
aijes-6965	74	7	york	york	PROPN
aijes-6965	74	8	,	,	PUNCT
aijes-6965	74	9	2018	2018	NUM
aijes-6965	74	10	)	)	PUNCT
aijes-6965	74	11	current	current	ADJ
aijes-6965	74	12	cbdc	cbdc	NOUN
aijes-6965	74	13	projects	project	NOUN
aijes-6965	74	14	at	at	ADP
aijes-6965	74	15	present	present	ADJ
aijes-6965	74	16	,	,	PUNCT
aijes-6965	74	17	a	a	DET
aijes-6965	74	18	relatively	relatively	ADV
aijes-6965	74	19	large	large	ADJ
aijes-6965	74	20	number	number	NOUN
aijes-6965	74	21	of	of	ADP
aijes-6965	74	22	central	central	ADJ
aijes-6965	74	23	banks	bank	NOUN
aijes-6965	74	24	have	have	AUX
aijes-6965	74	25	already	already	ADV
aijes-6965	74	26	announced	announce	VERB
aijes-6965	74	27	plans	plan	NOUN
aijes-6965	74	28	to	to	PART
aijes-6965	74	29	create	create	VERB
aijes-6965	74	30	cbdcs	cbdc	NOUN
aijes-6965	74	31	.	.	PUNCT
aijes-6965	75	1	it	it	PRON
aijes-6965	75	2	is	be	AUX
aijes-6965	75	3	worth	worth	ADJ
aijes-6965	75	4	paying	pay	VERB
aijes-6965	75	5	attention	attention	NOUN
aijes-6965	75	6	to	to	ADP
aijes-6965	75	7	how	how	SCONJ
aijes-6965	75	8	they	they	PRON
aijes-6965	75	9	define	define	VERB
aijes-6965	75	10	the	the	DET
aijes-6965	75	11	nature	nature	NOUN
aijes-6965	75	12	of	of	ADP
aijes-6965	75	13	their	their	PRON
aijes-6965	75	14	own	own	ADJ
aijes-6965	75	15	digital	digital	ADJ
aijes-6965	75	16	currencies	currency	NOUN
aijes-6965	75	17	.	.	PUNCT
aijes-6965	76	1	the	the	DET
aijes-6965	76	2	people	people	NOUN
aijes-6965	76	3	's	's	PART
aijes-6965	76	4	bank	bank	PROPN
aijes-6965	76	5	of	of	ADP
aijes-6965	76	6	china	china	PROPN
aijes-6965	76	7	in	in	ADP
aijes-6965	76	8	its	its	PRON
aijes-6965	76	9	working	working	NOUN
aijes-6965	76	10	group	group	NOUN
aijes-6965	76	11	on	on	ADP
aijes-6965	76	12	e	e	PROPN
aijes-6965	76	13	-	-	NOUN
aijes-6965	76	14	cny	cny	ADJ
aijes-6965	76	15	research	research	NOUN
aijes-6965	76	16	and	and	CCONJ
aijes-6965	76	17	development	development	NOUN
aijes-6965	76	18	of	of	ADP
aijes-6965	76	19	the	the	DET
aijes-6965	76	20	people	people	NOUN
aijes-6965	76	21	's	's	PART
aijes-6965	76	22	bank	bank	PROPN
aijes-6965	76	23	of	of	ADP
aijes-6965	76	24	china	china	PROPN
aijes-6965	76	25	,	,	PUNCT
aijes-6965	76	26	2021	2021	NUM
aijes-6965	76	27	,	,	PUNCT
aijes-6965	76	28	defines	define	VERB
aijes-6965	76	29	the	the	DET
aijes-6965	76	30	digital	digital	PROPN
aijes-6965	76	31	yuan	yuan	PROPN
aijes-6965	76	32	as	as	ADP
aijes-6965	76	33	a	a	DET
aijes-6965	76	34	digital	digital	ADJ
aijes-6965	76	35	version	version	NOUN
aijes-6965	76	36	of	of	ADP
aijes-6965	76	37	paper	paper	NOUN
aijes-6965	76	38	currency	currency	NOUN
aijes-6965	76	39	issued	issue	VERB
aijes-6965	76	40	by	by	ADP
aijes-6965	76	41	the	the	DET
aijes-6965	76	42	pboc	pboc	NOUN
aijes-6965	76	43	and	and	CCONJ
aijes-6965	76	44	managed	manage	VERB
aijes-6965	76	45	by	by	ADP
aijes-6965	76	46	authorized	authorize	VERB
aijes-6965	76	47	operators	operator	NOUN
aijes-6965	76	48	.	.	PUNCT
aijes-6965	77	1	it	it	PRON
aijes-6965	77	2	is	be	AUX
aijes-6965	77	3	classified	classify	VERB
aijes-6965	77	4	as	as	ADP
aijes-6965	77	5	a	a	DET
aijes-6965	77	6	"	"	PUNCT
aijes-6965	77	7	retail	retail	ADJ
aijes-6965	77	8	"	"	PUNCT
aijes-6965	77	9	cbdc	cbdc	NOUN
aijes-6965	77	10	,	,	PUNCT
aijes-6965	77	11	and	and	CCONJ
aijes-6965	77	12	its	its	PRON
aijes-6965	77	13	prospects	prospect	NOUN
aijes-6965	77	14	for	for	ADP
aijes-6965	77	15	use	use	NOUN
aijes-6965	77	16	at	at	ADP
aijes-6965	77	17	the	the	DET
aijes-6965	77	18	interbank	interbank	NOUN
aijes-6965	77	19	and	and	CCONJ
aijes-6965	77	20	cross	cross	ADJ
aijes-6965	77	21	-	-	ADJ
aijes-6965	77	22	border	border	ADJ
aijes-6965	77	23	levels	level	NOUN
aijes-6965	77	24	will	will	AUX
aijes-6965	77	25	be	be	AUX
aijes-6965	77	26	assessed	assess	VERB
aijes-6965	77	27	after	after	ADP
aijes-6965	77	28	its	its	PRON
aijes-6965	77	29	domestic	domestic	ADJ
aijes-6965	77	30	implementation	implementation	NOUN
aijes-6965	77	31	.	.	PUNCT
aijes-6965	78	1	it	it	PRON
aijes-6965	78	2	should	should	AUX
aijes-6965	78	3	be	be	AUX
aijes-6965	78	4	noted	note	VERB
aijes-6965	78	5	that	that	SCONJ
aijes-6965	78	6	despite	despite	SCONJ
aijes-6965	78	7	its	its	PRON
aijes-6965	78	8	status	status	NOUN
aijes-6965	78	9	as	as	ADP
aijes-6965	78	10	a	a	DET
aijes-6965	78	11	central	central	ADJ
aijes-6965	78	12	bank	bank	NOUN
aijes-6965	78	13	digital	digital	ADJ
aijes-6965	78	14	currency	currency	NOUN
aijes-6965	78	15	,	,	PUNCT
aijes-6965	78	16	dcep	dcep	NOUN
aijes-6965	78	17	can	can	AUX
aijes-6965	78	18	not	not	PART
aijes-6965	78	19	be	be	AUX
aijes-6965	78	20	called	call	VERB
aijes-6965	78	21	an	an	DET
aijes-6965	78	22	unambiguously	unambiguously	ADV
aijes-6965	78	23	decentralized	decentralize	VERB
aijes-6965	78	24	peer	peer	NOUN
aijes-6965	78	25	-	-	PUNCT
aijes-6965	78	26	to	to	ADP
aijes-6965	78	27	-	-	PUNCT
aijes-6965	78	28	peer	peer	NOUN
aijes-6965	78	29	currency	currency	NOUN
aijes-6965	78	30	,	,	PUNCT
aijes-6965	78	31	and	and	CCONJ
aijes-6965	78	32	even	even	ADV
aijes-6965	78	33	the	the	DET
aijes-6965	78	34	use	use	NOUN
aijes-6965	78	35	of	of	ADP
aijes-6965	78	36	dlt	dlt	PROPN
aijes-6965	78	37	remains	remain	VERB
aijes-6965	78	38	questionable	questionable	ADJ
aijes-6965	78	39	.	.	PUNCT
aijes-6965	79	1	the	the	DET
aijes-6965	79	2	reserve	reserve	PROPN
aijes-6965	79	3	bank	bank	PROPN
aijes-6965	79	4	of	of	ADP
aijes-6965	79	5	india	india	PROPN
aijes-6965	79	6	is	be	AUX
aijes-6965	79	7	developing	develop	VERB
aijes-6965	79	8	both	both	CCONJ
aijes-6965	79	9	a	a	DET
aijes-6965	79	10	retail	retail	ADJ
aijes-6965	79	11	and	and	CCONJ
aijes-6965	79	12	wholesale	wholesale	ADJ
aijes-6965	79	13	version	version	NOUN
aijes-6965	79	14	of	of	ADP
aijes-6965	79	15	the	the	DET
aijes-6965	79	16	cbdc	cbdc	NOUN
aijes-6965	79	17	.	.	PUNCT
aijes-6965	80	1	according	accord	VERB
aijes-6965	80	2	to	to	ADP
aijes-6965	80	3	the	the	DET
aijes-6965	80	4	concept	concept	NOUN
aijes-6965	80	5	of	of	ADP
aijes-6965	80	6	the	the	DET
aijes-6965	80	7	digital	digital	ADJ
aijes-6965	80	8	rupee	rupee	NOUN
aijes-6965	80	9	published	publish	VERB
aijes-6965	80	10	by	by	ADP
aijes-6965	80	11	the	the	DET
aijes-6965	80	12	fintech	fintech	NOUN
aijes-6965	80	13	department	department	PROPN
aijes-6965	80	14	of	of	ADP
aijes-6965	80	15	reserve	reserve	PROPN
aijes-6965	80	16	bank	bank	PROPN
aijes-6965	80	17	of	of	ADP
aijes-6965	80	18	india	india	PROPN
aijes-6965	80	19	,	,	PUNCT
aijes-6965	80	20	2022	2022	NUM
aijes-6965	80	21	,	,	PUNCT
aijes-6965	80	22	it	it	PRON
aijes-6965	80	23	will	will	AUX
aijes-6965	80	24	not	not	PART
aijes-6965	80	25	differ	differ	VERB
aijes-6965	80	26	significantly	significantly	ADV
aijes-6965	80	27	from	from	ADP
aijes-6965	80	28	banknotes	banknote	NOUN
aijes-6965	80	29	,	,	PUNCT
aijes-6965	80	30	but	but	CCONJ
aijes-6965	80	31	,	,	PUNCT
aijes-6965	80	32	being	be	AUX
aijes-6965	80	33	a	a	DET
aijes-6965	80	34	digital	digital	ADJ
aijes-6965	80	35	form	form	NOUN
aijes-6965	80	36	of	of	ADP
aijes-6965	80	37	national	national	ADJ
aijes-6965	80	38	money	money	NOUN
aijes-6965	80	39	,	,	PUNCT
aijes-6965	80	40	it	it	PRON
aijes-6965	80	41	will	will	AUX
aijes-6965	80	42	probably	probably	ADV
aijes-6965	80	43	be	be	AUX
aijes-6965	80	44	simpler	simple	ADJ
aijes-6965	80	45	,	,	PUNCT
aijes-6965	80	46	faster	fast	ADJ
aijes-6965	80	47	and	and	CCONJ
aijes-6965	80	48	cheaper	cheap	ADJ
aijes-6965	80	49	.	.	PUNCT
aijes-6965	81	1	it	it	PRON
aijes-6965	81	2	also	also	ADV
aijes-6965	81	3	has	have	VERB
aijes-6965	81	4	all	all	DET
aijes-6965	81	5	the	the	DET
aijes-6965	81	6	transactional	transactional	ADJ
aijes-6965	81	7	advantages	advantage	NOUN
aijes-6965	81	8	of	of	ADP
aijes-6965	81	9	other	other	ADJ
aijes-6965	81	10	forms	form	NOUN
aijes-6965	81	11	of	of	ADP
aijes-6965	81	12	digital	digital	ADJ
aijes-6965	81	13	money	money	NOUN
aijes-6965	81	14	.	.	PUNCT
aijes-6965	82	1	the	the	DET
aijes-6965	82	2	central	central	ADJ
aijes-6965	82	3	bank	bank	PROPN
aijes-6965	82	4	of	of	ADP
aijes-6965	82	5	brazil	brazil	PROPN
aijes-6965	82	6	is	be	AUX
aijes-6965	82	7	still	still	ADV
aijes-6965	82	8	in	in	ADP
aijes-6965	82	9	the	the	DET
aijes-6965	82	10	evolution	evolution	NOUN
aijes-6965	82	11	of	of	ADP
aijes-6965	82	12	digital	digital	ADJ
aijes-6965	82	13	currencies	currency	NOUN
aijes-6965	82	14	:	:	PUNCT
aijes-6965	82	15	from	from	ADP
aijes-6965	82	16	private	private	ADJ
aijes-6965	82	17	innovation	innovation	NOUN
aijes-6965	82	18	to	to	ADP
aijes-6965	82	19	central	central	ADJ
aijes-6965	82	20	bank	bank	NOUN
aijes-6965	82	21	implementation	implementation	NOUN
aijes-6965	82	22	a	a	DET
aijes-6965	82	23	comprehensive	comprehensive	ADJ
aijes-6965	82	24	analysis	analysis	NOUN
aijes-6965	82	25	of	of	ADP
aijes-6965	82	26	cbdc	cbdc	NOUN
aijes-6965	82	27	development	development	NOUN
aijes-6965	82	28	the	the	DET
aijes-6965	82	29	development	development	NOUN
aijes-6965	82	30	stage	stage	NOUN
aijes-6965	82	31	of	of	ADP
aijes-6965	82	32	the	the	DET
aijes-6965	82	33	cbdc	cbdc	NOUN
aijes-6965	82	34	,	,	PUNCT
aijes-6965	82	35	but	but	CCONJ
aijes-6965	82	36	according	accord	VERB
aijes-6965	82	37	to	to	ADP
aijes-6965	82	38	information	information	NOUN
aijes-6965	82	39	on	on	ADP
aijes-6965	82	40	its	its	PRON
aijes-6965	82	41	official	official	ADJ
aijes-6965	82	42	website	website	NOUN
aijes-6965	82	43	(	(	PUNCT
aijes-6965	82	44	banco	banco	PROPN
aijes-6965	82	45	central	central	PROPN
aijes-6965	82	46	do	do	AUX
aijes-6965	82	47	brazil	brazil	PROPN
aijes-6965	82	48	,	,	PUNCT
aijes-6965	82	49	2024	2024	NUM
aijes-6965	82	50	)	)	PUNCT
aijes-6965	82	51	,	,	PUNCT
aijes-6965	82	52	it	it	PRON
aijes-6965	82	53	is	be	AUX
aijes-6965	82	54	planned	plan	VERB
aijes-6965	82	55	to	to	PART
aijes-6965	82	56	build	build	VERB
aijes-6965	82	57	an	an	DET
aijes-6965	82	58	ecosystem	ecosystem	NOUN
aijes-6965	82	59	based	base	VERB
aijes-6965	82	60	on	on	ADP
aijes-6965	82	61	dlt	dlt	PROPN
aijes-6965	82	62	,	,	PUNCT
aijes-6965	82	63	in	in	ADP
aijes-6965	82	64	which	which	PRON
aijes-6965	82	65	regulated	regulate	VERB
aijes-6965	82	66	financial	financial	ADJ
aijes-6965	82	67	intermediaries	intermediary	NOUN
aijes-6965	82	68	convert	convert	VERB
aijes-6965	82	69	the	the	DET
aijes-6965	82	70	balances	balance	NOUN
aijes-6965	82	71	of	of	ADP
aijes-6965	82	72	demand	demand	NOUN
aijes-6965	82	73	deposits	deposit	NOUN
aijes-6965	82	74	and	and	CCONJ
aijes-6965	82	75	e	e	NOUN
aijes-6965	82	76	-	-	NOUN
aijes-6965	82	77	money	money	NOUN
aijes-6965	82	78	into	into	ADP
aijes-6965	82	79	drex	drex	PROPN
aijes-6965	82	80	a	a	DET
aijes-6965	82	81	digital	digital	ADJ
aijes-6965	82	82	real	real	NOUN
aijes-6965	82	83	,	,	PUNCT
aijes-6965	82	84	so	so	SCONJ
aijes-6965	82	85	that	that	SCONJ
aijes-6965	82	86	their	their	PRON
aijes-6965	82	87	clients	client	NOUN
aijes-6965	82	88	have	have	VERB
aijes-6965	82	89	access	access	NOUN
aijes-6965	82	90	to	to	ADP
aijes-6965	82	91	various	various	ADJ
aijes-6965	82	92	smart	smart	ADJ
aijes-6965	82	93	financial	financial	ADJ
aijes-6965	82	94	services	service	NOUN
aijes-6965	82	95	.	.	PUNCT
aijes-6965	83	1	the	the	DET
aijes-6965	83	2	digital	digital	ADJ
aijes-6965	83	3	currency	currency	NOUN
aijes-6965	83	4	itself	itself	PRON
aijes-6965	83	5	will	will	AUX
aijes-6965	83	6	also	also	ADV
aijes-6965	83	7	have	have	VERB
aijes-6965	83	8	the	the	DET
aijes-6965	83	9	status	status	NOUN
aijes-6965	83	10	of	of	ADP
aijes-6965	83	11	a	a	DET
aijes-6965	83	12	digital	digital	ADJ
aijes-6965	83	13	form	form	NOUN
aijes-6965	83	14	of	of	ADP
aijes-6965	83	15	the	the	DET
aijes-6965	83	16	national	national	ADJ
aijes-6965	83	17	currency	currency	NOUN
aijes-6965	83	18	.	.	PUNCT
aijes-6965	84	1	the	the	DET
aijes-6965	84	2	european	european	PROPN
aijes-6965	84	3	central	central	PROPN
aijes-6965	84	4	bank	bank	PROPN
aijes-6965	84	5	in	in	ADP
aijes-6965	84	6	its	its	PRON
aijes-6965	84	7	glossary	glossary	NOUN
aijes-6965	84	8	describes	describe	VERB
aijes-6965	84	9	the	the	DET
aijes-6965	84	10	digital	digital	ADJ
aijes-6965	84	11	euro	euro	NOUN
aijes-6965	84	12	as	as	ADP
aijes-6965	84	13	the	the	DET
aijes-6965	84	14	retail	retail	ADJ
aijes-6965	84	15	digital	digital	ADJ
aijes-6965	84	16	currency	currency	NOUN
aijes-6965	84	17	of	of	ADP
aijes-6965	84	18	the	the	DET
aijes-6965	84	19	european	european	PROPN
aijes-6965	84	20	central	central	PROPN
aijes-6965	84	21	bank	bank	NOUN
aijes-6965	84	22	,	,	PUNCT
aijes-6965	84	23	and	and	CCONJ
aijes-6965	84	24	generally	generally	ADV
aijes-6965	84	25	defines	define	VERB
aijes-6965	84	26	a	a	DET
aijes-6965	84	27	retail	retail	ADJ
aijes-6965	84	28	digital	digital	ADJ
aijes-6965	84	29	currency	currency	NOUN
aijes-6965	84	30	as	as	ADP
aijes-6965	84	31	a	a	DET
aijes-6965	84	32	central	central	ADJ
aijes-6965	84	33	bank	bank	NOUN
aijes-6965	84	34	liability	liability	NOUN
aijes-6965	84	35	in	in	ADP
aijes-6965	84	36	digital	digital	ADJ
aijes-6965	84	37	form	form	NOUN
aijes-6965	84	38	offered	offer	VERB
aijes-6965	84	39	to	to	ADP
aijes-6965	84	40	the	the	DET
aijes-6965	84	41	general	general	ADJ
aijes-6965	84	42	public	public	NOUN
aijes-6965	84	43	(	(	PUNCT
aijes-6965	84	44	e.g.	e.g.	ADV
aijes-6965	84	45	individual	individual	ADJ
aijes-6965	84	46	users	user	NOUN
aijes-6965	84	47	,	,	PUNCT
aijes-6965	84	48	business	business	NOUN
aijes-6965	84	49	users	user	NOUN
aijes-6965	84	50	and	and	CCONJ
aijes-6965	84	51	governments	government	NOUN
aijes-6965	84	52	or	or	CCONJ
aijes-6965	84	53	other	other	ADJ
aijes-6965	84	54	public	public	ADJ
aijes-6965	84	55	bodies	body	NOUN
aijes-6965	84	56	)	)	PUNCT
aijes-6965	84	57	for	for	ADP
aijes-6965	84	58	retail	retail	ADJ
aijes-6965	84	59	payments	payment	NOUN
aijes-6965	84	60	.	.	PUNCT
aijes-6965	85	1	it	it	PRON
aijes-6965	85	2	can	can	AUX
aijes-6965	85	3	be	be	AUX
aijes-6965	85	4	noted	note	VERB
aijes-6965	85	5	that	that	SCONJ
aijes-6965	85	6	a	a	DET
aijes-6965	85	7	constant	constant	ADJ
aijes-6965	85	8	attribute	attribute	NOUN
aijes-6965	85	9	of	of	ADP
aijes-6965	85	10	all	all	DET
aijes-6965	85	11	definitions	definition	NOUN
aijes-6965	85	12	of	of	ADP
aijes-6965	85	13	cbdc	cbdc	NOUN
aijes-6965	85	14	is	be	AUX
aijes-6965	85	15	some	some	DET
aijes-6965	85	16	form	form	NOUN
aijes-6965	85	17	of	of	ADP
aijes-6965	85	18	reference	reference	NOUN
aijes-6965	85	19	to	to	ADP
aijes-6965	85	20	the	the	DET
aijes-6965	85	21	central	central	PROPN
aijes-6965	85	22	bank	bank	PROPN
aijes-6965	85	23	digital	digital	ADJ
aijes-6965	85	24	currency	currency	NOUN
aijes-6965	85	25	being	be	AUX
aijes-6965	85	26	a	a	DET
aijes-6965	85	27	digital	digital	ADJ
aijes-6965	85	28	form	form	NOUN
aijes-6965	85	29	of	of	ADP
aijes-6965	85	30	the	the	DET
aijes-6965	85	31	national	national	ADJ
aijes-6965	85	32	currency	currency	NOUN
aijes-6965	85	33	;	;	PUNCT
aijes-6965	85	34	it	it	PRON
aijes-6965	85	35	is	be	AUX
aijes-6965	85	36	often	often	ADV
aijes-6965	85	37	directly	directly	ADV
aijes-6965	85	38	referred	refer	VERB
aijes-6965	85	39	to	to	ADP
aijes-6965	85	40	as	as	ADP
aijes-6965	85	41	a	a	DET
aijes-6965	85	42	central	central	ADJ
aijes-6965	85	43	bank	bank	NOUN
aijes-6965	85	44	liability	liability	NOUN
aijes-6965	85	45	.	.	PUNCT
aijes-6965	86	1	often	often	ADV
aijes-6965	86	2	,	,	PUNCT
aijes-6965	86	3	in	in	ADP
aijes-6965	86	4	addition	addition	NOUN
aijes-6965	86	5	,	,	PUNCT
aijes-6965	86	6	an	an	DET
aijes-6965	86	7	analogy	analogy	NOUN
aijes-6965	86	8	with	with	ADP
aijes-6965	86	9	cash	cash	NOUN
aijes-6965	86	10	is	be	AUX
aijes-6965	86	11	encountered	encounter	VERB
aijes-6965	86	12	,	,	PUNCT
aijes-6965	86	13	indicating	indicate	VERB
aijes-6965	86	14	their	their	PRON
aijes-6965	86	15	similarity	similarity	NOUN
aijes-6965	86	16	.	.	PUNCT
aijes-6965	87	1	this	this	PRON
aijes-6965	87	2	is	be	AUX
aijes-6965	87	3	fully	fully	ADV
aijes-6965	87	4	consistent	consistent	ADJ
aijes-6965	87	5	with	with	ADP
aijes-6965	87	6	the	the	DET
aijes-6965	87	7	typology	typology	NOUN
aijes-6965	87	8	of	of	ADP
aijes-6965	87	9	money	money	NOUN
aijes-6965	87	10	by	by	ADP
aijes-6965	87	11	bech	bech	PROPN
aijes-6965	87	12	and	and	CCONJ
aijes-6965	87	13	garratt	garratt	NOUN
aijes-6965	87	14	.	.	PUNCT
aijes-6965	88	1	stages	stage	NOUN
aijes-6965	88	2	of	of	ADP
aijes-6965	88	3	cbdc	cbdc	NOUN
aijes-6965	88	4	development	development	NOUN
aijes-6965	88	5	:	:	PUNCT
aijes-6965	88	6	quantitative	quantitative	ADJ
aijes-6965	88	7	data	datum	NOUN
aijes-6965	88	8	for	for	ADP
aijes-6965	88	9	the	the	DET
aijes-6965	88	10	purposes	purpose	NOUN
aijes-6965	88	11	of	of	ADP
aijes-6965	88	12	the	the	DET
aijes-6965	88	13	study	study	NOUN
aijes-6965	88	14	,	,	PUNCT
aijes-6965	88	15	data	datum	NOUN
aijes-6965	88	16	were	be	AUX
aijes-6965	88	17	collected	collect	VERB
aijes-6965	88	18	and	and	CCONJ
aijes-6965	88	19	aggregated	aggregate	VERB
aijes-6965	88	20	from	from	ADP
aijes-6965	88	21	the	the	DET
aijes-6965	88	22	cbdc	cbdc	PROPN
aijes-6965	88	23	tracker	tracker	NOUN
aijes-6965	88	24	portal	portal	PROPN
aijes-6965	88	25	,	,	PUNCT
aijes-6965	88	26	a	a	DET
aijes-6965	88	27	resource	resource	NOUN
aijes-6965	88	28	that	that	PRON
aijes-6965	88	29	semi	semi	ADJ
aijes-6965	88	30	-	-	ADJ
aijes-6965	88	31	automatically	automatically	ADV
aijes-6965	88	32	collects	collect	VERB
aijes-6965	88	33	and	and	CCONJ
aijes-6965	88	34	presents	present	VERB
aijes-6965	88	35	information	information	NOUN
aijes-6965	88	36	on	on	ADP
aijes-6965	88	37	the	the	DET
aijes-6965	88	38	stages	stage	NOUN
aijes-6965	88	39	of	of	ADP
aijes-6965	88	40	development	development	NOUN
aijes-6965	88	41	and	and	CCONJ
aijes-6965	88	42	implementation	implementation	NOUN
aijes-6965	88	43	of	of	ADP
aijes-6965	88	44	digital	digital	ADJ
aijes-6965	88	45	currencies	currency	NOUN
aijes-6965	88	46	by	by	ADP
aijes-6965	88	47	central	central	ADJ
aijes-6965	88	48	banks	bank	NOUN
aijes-6965	88	49	,	,	PUNCT
aijes-6965	88	50	which	which	PRON
aijes-6965	88	51	is	be	AUX
aijes-6965	88	52	referenced	reference	VERB
aijes-6965	88	53	,	,	PUNCT
aijes-6965	88	54	in	in	ADP
aijes-6965	88	55	particular	particular	ADJ
aijes-6965	88	56	,	,	PUNCT
aijes-6965	88	57	by	by	ADP
aijes-6965	88	58	the	the	DET
aijes-6965	88	59	imf	imf	PROPN
aijes-6965	88	60	(	(	PUNCT
aijes-6965	88	61	nathaniel	nathaniel	PROPN
aijes-6965	88	62	popper	popper	PROPN
aijes-6965	88	63	,	,	PUNCT
aijes-6965	88	64	2015	2015	NUM
aijes-6965	88	65	)	)	PUNCT
aijes-6965	88	66	.	.	PUNCT
aijes-6965	89	1	with	with	ADP
aijes-6965	89	2	seven	seven	NUM
aijes-6965	89	3	cancelled	cancel	VERB
aijes-6965	89	4	projects	project	NOUN
aijes-6965	89	5	,	,	PUNCT
aijes-6965	89	6	138	138	NUM
aijes-6965	89	7	cbdc	cbdc	NOUN
aijes-6965	89	8	projects	project	NOUN
aijes-6965	89	9	have	have	AUX
aijes-6965	89	10	been	be	AUX
aijes-6965	89	11	launched	launch	VERB
aijes-6965	89	12	and	and	CCONJ
aijes-6965	89	13	not	not	PART
aijes-6965	89	14	cancelled	cancel	VERB
aijes-6965	89	15	,	,	PUNCT
aijes-6965	89	16	94	94	NUM
aijes-6965	89	17	are	be	AUX
aijes-6965	89	18	at	at	ADP
aijes-6965	89	19	the	the	DET
aijes-6965	89	20	research	research	NOUN
aijes-6965	89	21	or	or	CCONJ
aijes-6965	89	22	development	development	NOUN
aijes-6965	89	23	stage	stage	NOUN
aijes-6965	89	24	,	,	PUNCT
aijes-6965	89	25	24	24	NUM
aijes-6965	89	26	are	be	AUX
aijes-6965	89	27	at	at	ADP
aijes-6965	89	28	the	the	DET
aijes-6965	89	29	concept	concept	NOUN
aijes-6965	89	30	testing	testing	NOUN
aijes-6965	89	31	stage	stage	NOUN
aijes-6965	89	32	,	,	PUNCT
aijes-6965	89	33	and	and	CCONJ
aijes-6965	89	34	16	16	NUM
aijes-6965	89	35	projects	project	NOUN
aijes-6965	89	36	are	be	AUX
aijes-6965	89	37	at	at	ADP
aijes-6965	89	38	the	the	DET
aijes-6965	89	39	pilot	pilot	NOUN
aijes-6965	89	40	launch	launch	NOUN
aijes-6965	89	41	stage	stage	NOUN
aijes-6965	89	42	.	.	PUNCT
aijes-6965	90	1	the	the	DET
aijes-6965	90	2	resource	resource	NOUN
aijes-6965	90	3	calls	call	VERB
aijes-6965	90	4	four	four	NUM
aijes-6965	90	5	projects	project	NOUN
aijes-6965	90	6	fully	fully	ADV
aijes-6965	90	7	launched	launch	VERB
aijes-6965	90	8	as	as	ADP
aijes-6965	90	9	of	of	ADP
aijes-6965	90	10	08.05.2024	08.05.2024	NOUN
aijes-6965	90	11	:	:	PUNCT
aijes-6965	90	12	nigerian	nigerian	ADJ
aijes-6965	90	13	e	e	PROPN
aijes-6965	90	14	-	-	PROPN
aijes-6965	90	15	naira	naira	ADJ
aijes-6965	90	16	,	,	PUNCT
aijes-6965	90	17	bahamian	bahamian	ADJ
aijes-6965	90	18	sand	sand	NOUN
aijes-6965	90	19	dollar	dollar	NOUN
aijes-6965	90	20	,	,	PUNCT
aijes-6965	90	21	jamaican	jamaican	PROPN
aijes-6965	90	22	jem	jem	PROPN
aijes-6965	90	23	-	-	PUNCT
aijes-6965	90	24	dex	dex	PROPN
aijes-6965	90	25	and	and	CCONJ
aijes-6965	90	26	zimbabwean	zimbabwean	PROPN
aijes-6965	90	27	zig	zig	PROPN
aijes-6965	90	28	.	.	PUNCT
aijes-6965	91	1	we	we	PRON
aijes-6965	91	2	will	will	AUX
aijes-6965	91	3	consider	consider	VERB
aijes-6965	91	4	further	further	ADJ
aijes-6965	91	5	statistical	statistical	ADJ
aijes-6965	91	6	data	datum	NOUN
aijes-6965	91	7	only	only	ADV
aijes-6965	91	8	for	for	ADP
aijes-6965	91	9	currencies	currency	NOUN
aijes-6965	91	10	that	that	PRON
aijes-6965	91	11	have	have	AUX
aijes-6965	91	12	not	not	PART
aijes-6965	91	13	been	be	AUX
aijes-6965	91	14	cancelled	cancel	VERB
aijes-6965	91	15	.	.	PUNCT
aijes-6965	92	1	(	(	PUNCT
aijes-6965	92	2	reserve	reserve	PROPN
aijes-6965	92	3	bank	bank	PROPN
aijes-6965	92	4	of	of	ADP
aijes-6965	92	5	zimbabwe	zimbabwe	PROPN
aijes-6965	92	6	,	,	PUNCT
aijes-6965	92	7	2023	2023	NUM
aijes-6965	92	8	)	)	PUNCT
aijes-6965	92	9	.	.	PUNCT
aijes-6965	93	1	it	it	PRON
aijes-6965	93	2	should	should	AUX
aijes-6965	93	3	be	be	AUX
aijes-6965	93	4	noted	note	VERB
aijes-6965	93	5	that	that	SCONJ
aijes-6965	93	6	the	the	DET
aijes-6965	93	7	data	datum	NOUN
aijes-6965	93	8	on	on	ADP
aijes-6965	93	9	the	the	DET
aijes-6965	93	10	portal	portal	NOUN
aijes-6965	93	11	may	may	AUX
aijes-6965	93	12	be	be	AUX
aijes-6965	93	13	updated	update	VERB
aijes-6965	93	14	.	.	PUNCT
aijes-6965	94	1	thus	thus	ADV
aijes-6965	94	2	,	,	PUNCT
aijes-6965	94	3	earlier	early	ADV
aijes-6965	94	4	,	,	PUNCT
aijes-6965	94	5	in	in	ADP
aijes-6965	94	6	october	october	PROPN
aijes-6965	94	7	2023	2023	NUM
aijes-6965	94	8	,	,	PUNCT
aijes-6965	94	9	the	the	DET
aijes-6965	94	10	dcash	dcash	NOUN
aijes-6965	94	11	currency	currency	NOUN
aijes-6965	94	12	,	,	PUNCT
aijes-6965	94	13	issued	issue	VERB
aijes-6965	94	14	by	by	ADP
aijes-6965	94	15	the	the	DET
aijes-6965	94	16	eastern	eastern	ADJ
aijes-6965	94	17	caribbean	caribbean	ADJ
aijes-6965	94	18	central	central	PROPN
aijes-6965	94	19	bank	bank	NOUN
aijes-6965	94	20	,	,	PUNCT
aijes-6965	94	21	was	be	AUX
aijes-6965	94	22	listed	list	VERB
aijes-6965	94	23	as	as	ADP
aijes-6965	94	24	a	a	DET
aijes-6965	94	25	fully	fully	ADV
aijes-6965	94	26	launched	launch	VERB
aijes-6965	94	27	central	central	ADJ
aijes-6965	94	28	bank	bank	NOUN
aijes-6965	94	29	digital	digital	ADJ
aijes-6965	94	30	currency	currency	NOUN
aijes-6965	94	31	on	on	ADP
aijes-6965	94	32	the	the	DET
aijes-6965	94	33	resource	resource	NOUN
aijes-6965	94	34	.	.	PUNCT
aijes-6965	95	1	at	at	ADP
aijes-6965	95	2	the	the	DET
aijes-6965	95	3	time	time	NOUN
aijes-6965	95	4	of	of	ADP
aijes-6965	95	5	the	the	DET
aijes-6965	95	6	request	request	NOUN
aijes-6965	95	7	on	on	ADP
aijes-6965	95	8	may	may	PROPN
aijes-6965	95	9	8	8	NUM
aijes-6965	95	10	,	,	PUNCT
aijes-6965	95	11	2024	2024	NUM
aijes-6965	95	12	,	,	PUNCT
aijes-6965	95	13	dcash	dcash	PROPN
aijes-6965	95	14	was	be	AUX
aijes-6965	95	15	already	already	ADV
aijes-6965	95	16	listed	list	VERB
aijes-6965	95	17	on	on	ADP
aijes-6965	95	18	the	the	DET
aijes-6965	95	19	portal	portal	NOUN
aijes-6965	95	20	as	as	ADP
aijes-6965	95	21	a	a	DET
aijes-6965	95	22	pilot	pilot	NOUN
aijes-6965	95	23	,	,	PUNCT
aijes-6965	95	24	which	which	PRON
aijes-6965	95	25	is	be	AUX
aijes-6965	95	26	confirmed	confirm	VERB
aijes-6965	95	27	by	by	ADP
aijes-6965	95	28	the	the	DET
aijes-6965	95	29	statement	statement	NOUN
aijes-6965	95	30	on	on	ADP
aijes-6965	95	31	the	the	DET
aijes-6965	95	32	official	official	ADJ
aijes-6965	95	33	website	website	NOUN
aijes-6965	95	34	(	(	PUNCT
aijes-6965	95	35	https://www.dcashec.com/	https://www.dcashec.com/	NOUN
aijes-6965	95	36	)	)	PUNCT
aijes-6965	95	37	.	.	PUNCT
aijes-6965	96	1	in	in	ADP
aijes-6965	96	2	october	october	PROPN
aijes-6965	96	3	2023	2023	NUM
aijes-6965	96	4	,	,	PUNCT
aijes-6965	96	5	the	the	DET
aijes-6965	96	6	haiti	haiti	PROPN
aijes-6965	96	7	cbdc	cbdc	VERB
aijes-6965	96	8	currency	currency	NOUN
aijes-6965	96	9	was	be	AUX
aijes-6965	96	10	mentioned	mention	VERB
aijes-6965	96	11	among	among	ADP
aijes-6965	96	12	the	the	DET
aijes-6965	96	13	cancelled	cancel	VERB
aijes-6965	96	14	digital	digital	ADJ
aijes-6965	96	15	currencies	currency	NOUN
aijes-6965	96	16	,	,	PUNCT
aijes-6965	96	17	which	which	PRON
aijes-6965	96	18	was	be	AUX
aijes-6965	96	19	absent	absent	ADJ
aijes-6965	96	20	from	from	ADP
aijes-6965	96	21	the	the	DET
aijes-6965	96	22	database	database	NOUN
aijes-6965	96	23	at	at	ADP
aijes-6965	96	24	the	the	DET
aijes-6965	96	25	time	time	NOUN
aijes-6965	96	26	of	of	ADP
aijes-6965	96	27	the	the	DET
aijes-6965	96	28	request	request	NOUN
aijes-6965	96	29	on	on	ADP
aijes-6965	96	30	may	may	PROPN
aijes-6965	96	31	8	8	NUM
aijes-6965	96	32	,	,	PUNCT
aijes-6965	96	33	2024	2024	NUM
aijes-6965	96	34	,	,	PUNCT
aijes-6965	96	35	although	although	SCONJ
aijes-6965	96	36	in	in	ADP
aijes-6965	96	37	both	both	DET
aijes-6965	96	38	periods	period	NOUN
aijes-6965	96	39	the	the	DET
aijes-6965	96	40	gourde	gourde	ADJ
aijes-6965	96	41	digital	digital	ADJ
aijes-6965	96	42	currency	currency	NOUN
aijes-6965	96	43	was	be	AUX
aijes-6965	96	44	present	present	ADJ
aijes-6965	96	45	at	at	ADP
aijes-6965	96	46	the	the	DET
aijes-6965	96	47	research	research	NOUN
aijes-6965	96	48	stage	stage	NOUN
aijes-6965	96	49	,	,	PUNCT
aijes-6965	96	50	developed	develop	VERB
aijes-6965	96	51	by	by	ADP
aijes-6965	96	52	the	the	DET
aijes-6965	96	53	same	same	ADJ
aijes-6965	96	54	country	country	NOUN
aijes-6965	96	55	(	(	PUNCT
aijes-6965	96	56	which	which	PRON
aijes-6965	96	57	makes	make	VERB
aijes-6965	96	58	it	it	PRON
aijes-6965	96	59	possible	possible	ADJ
aijes-6965	96	60	to	to	PART
aijes-6965	96	61	assume	assume	VERB
aijes-6965	96	62	the	the	DET
aijes-6965	96	63	elimination	elimination	NOUN
aijes-6965	96	64	of	of	ADP
aijes-6965	96	65	a	a	DET
aijes-6965	96	66	duplicate	duplicate	NOUN
aijes-6965	96	67	under	under	ADP
aijes-6965	96	68	a	a	DET
aijes-6965	96	69	different	different	ADJ
aijes-6965	96	70	name	name	NOUN
aijes-6965	96	71	,	,	PUNCT
aijes-6965	96	72	albeit	albeit	SCONJ
aijes-6965	96	73	with	with	ADP
aijes-6965	96	74	a	a	DET
aijes-6965	96	75	different	different	ADJ
aijes-6965	96	76	status	status	NOUN
aijes-6965	96	77	)	)	PUNCT
aijes-6965	96	78	.	.	PUNCT
aijes-6965	97	1	thus	thus	ADV
aijes-6965	97	2	,	,	PUNCT
aijes-6965	97	3	when	when	SCONJ
aijes-6965	97	4	working	work	VERB
aijes-6965	97	5	with	with	ADP
aijes-6965	97	6	cbdc	cbdc	NOUN
aijes-6965	97	7	data	datum	NOUN
aijes-6965	97	8	,	,	PUNCT
aijes-6965	97	9	including	include	VERB
aijes-6965	97	10	aggregated	aggregate	VERB
aijes-6965	97	11	data	datum	NOUN
aijes-6965	97	12	from	from	ADP
aijes-6965	97	13	news	news	NOUN
aijes-6965	97	14	and	and	CCONJ
aijes-6965	97	15	press	press	NOUN
aijes-6965	97	16	releases	release	NOUN
aijes-6965	97	17	such	such	ADJ
aijes-6965	97	18	as	as	ADP
aijes-6965	97	19	those	those	PRON
aijes-6965	97	20	presented	present	VERB
aijes-6965	97	21	on	on	ADP
aijes-6965	97	22	the	the	DET
aijes-6965	97	23	cbdc	cbdc	NOUN
aijes-6965	97	24	tracker	tracker	NOUN
aijes-6965	97	25	resource	resource	NOUN
aijes-6965	97	26	,	,	PUNCT
aijes-6965	97	27	it	it	PRON
aijes-6965	97	28	is	be	AUX
aijes-6965	97	29	worth	worth	ADJ
aijes-6965	97	30	considering	consider	VERB
aijes-6965	97	31	the	the	DET
aijes-6965	97	32	fragmentation	fragmentation	NOUN
aijes-6965	97	33	of	of	ADP
aijes-6965	97	34	information	information	NOUN
aijes-6965	97	35	,	,	PUNCT
aijes-6965	97	36	unclear	unclear	ADJ
aijes-6965	97	37	wording	wording	NOUN
aijes-6965	97	38	in	in	ADP
aijes-6965	97	39	official	official	ADJ
aijes-6965	97	40	press	press	NOUN
aijes-6965	97	41	releases	release	NOUN
aijes-6965	97	42	,	,	PUNCT
aijes-6965	97	43	the	the	DET
aijes-6965	97	44	possibility	possibility	NOUN
aijes-6965	97	45	of	of	ADP
aijes-6965	97	46	currencies	currency	NOUN
aijes-6965	97	47	rolling	roll	VERB
aijes-6965	97	48	back	back	ADV
aijes-6965	97	49	from	from	ADP
aijes-6965	97	50	a	a	DET
aijes-6965	97	51	later	later	ADJ
aijes-6965	97	52	stage	stage	NOUN
aijes-6965	97	53	to	to	ADP
aijes-6965	97	54	an	an	DET
aijes-6965	97	55	earlier	early	ADJ
aijes-6965	97	56	one	one	NOUN
aijes-6965	97	57	(	(	PUNCT
aijes-6965	97	58	for	for	ADP
aijes-6965	97	59	example	example	NOUN
aijes-6965	97	60	,	,	PUNCT
aijes-6965	97	61	in	in	ADP
aijes-6965	97	62	the	the	DET
aijes-6965	97	63	case	case	NOUN
aijes-6965	97	64	of	of	ADP
aijes-6965	97	65	unsatisfactory	unsatisfactory	ADJ
aijes-6965	97	66	results	result	NOUN
aijes-6965	97	67	of	of	ADP
aijes-6965	97	68	the	the	DET
aijes-6965	97	69	pilot	pilot	NOUN
aijes-6965	97	70	return	return	NOUN
aijes-6965	97	71	to	to	ADP
aijes-6965	97	72	the	the	DET
aijes-6965	97	73	study	study	NOUN
aijes-6965	97	74	)	)	PUNCT
aijes-6965	97	75	and	and	CCONJ
aijes-6965	97	76	the	the	DET
aijes-6965	97	77	emergence	emergence	NOUN
aijes-6965	97	78	and	and	CCONJ
aijes-6965	97	79	elimination	elimination	NOUN
aijes-6965	97	80	of	of	ADP
aijes-6965	97	81	duplicates	duplicate	NOUN
aijes-6965	97	82	.	.	PUNCT
aijes-6965	98	1	ali	ali	PROPN
aijes-6965	98	2	yusifov	yusifov	PROPN
aijes-6965	98	3	taking	take	VERB
aijes-6965	98	4	this	this	PRON
aijes-6965	98	5	into	into	ADP
aijes-6965	98	6	account	account	NOUN
aijes-6965	98	7	,	,	PUNCT
aijes-6965	98	8	it	it	PRON
aijes-6965	98	9	should	should	AUX
aijes-6965	98	10	be	be	AUX
aijes-6965	98	11	noted	note	VERB
aijes-6965	98	12	that	that	SCONJ
aijes-6965	98	13	in	in	ADP
aijes-6965	98	14	addition	addition	NOUN
aijes-6965	98	15	to	to	ADP
aijes-6965	98	16	the	the	DET
aijes-6965	98	17	above	above	ADV
aijes-6965	98	18	-	-	PUNCT
aijes-6965	98	19	mentioned	mention	VERB
aijes-6965	98	20	zimbabwean	zimbabwean	ADJ
aijes-6965	98	21	digital	digital	PROPN
aijes-6965	98	22	currency	currency	NOUN
aijes-6965	98	23	zig	zig	PROPN
aijes-6965	98	24	,	,	PUNCT
aijes-6965	98	25	the	the	DET
aijes-6965	98	26	resource	resource	NOUN
aijes-6965	98	27	data	datum	NOUN
aijes-6965	98	28	also	also	ADV
aijes-6965	98	29	indicates	indicate	VERB
aijes-6965	98	30	an	an	DET
aijes-6965	98	31	unnamed	unnamed	ADJ
aijes-6965	98	32	currency	currency	NOUN
aijes-6965	98	33	,	,	PUNCT
aijes-6965	98	34	the	the	DET
aijes-6965	98	35	retail	retail	ADJ
aijes-6965	98	36	zimbabwe	zimbabwe	ADJ
aijes-6965	98	37	cbdc	cbdc	NOUN
aijes-6965	98	38	,	,	PUNCT
aijes-6965	98	39	which	which	PRON
aijes-6965	98	40	is	be	AUX
aijes-6965	98	41	under	under	ADP
aijes-6965	98	42	development	development	NOUN
aijes-6965	98	43	.	.	PUNCT
aijes-6965	99	1	with	with	ADP
aijes-6965	99	2	some	some	DET
aijes-6965	99	3	probability	probability	NOUN
aijes-6965	99	4	,	,	PUNCT
aijes-6965	99	5	it	it	PRON
aijes-6965	99	6	may	may	AUX
aijes-6965	99	7	also	also	ADV
aijes-6965	99	8	be	be	AUX
aijes-6965	99	9	understood	understand	VERB
aijes-6965	99	10	as	as	ADP
aijes-6965	99	11	zig	zig	PROPN
aijes-6965	99	12	,	,	PUNCT
aijes-6965	99	13	but	but	CCONJ
aijes-6965	99	14	since	since	SCONJ
aijes-6965	99	15	we	we	PRON
aijes-6965	99	16	do	do	AUX
aijes-6965	99	17	not	not	PART
aijes-6965	99	18	have	have	VERB
aijes-6965	99	19	reliable	reliable	ADJ
aijes-6965	99	20	information	information	NOUN
aijes-6965	99	21	that	that	SCONJ
aijes-6965	99	22	this	this	PRON
aijes-6965	99	23	is	be	AUX
aijes-6965	99	24	the	the	DET
aijes-6965	99	25	same	same	ADJ
aijes-6965	99	26	initiative	initiative	NOUN
aijes-6965	99	27	,	,	PUNCT
aijes-6965	99	28	in	in	ADP
aijes-6965	99	29	the	the	DET
aijes-6965	99	30	analysis	analysis	NOUN
aijes-6965	99	31	we	we	PRON
aijes-6965	99	32	will	will	AUX
aijes-6965	99	33	proceed	proceed	VERB
aijes-6965	99	34	from	from	ADP
aijes-6965	99	35	the	the	DET
aijes-6965	99	36	data	datum	NOUN
aijes-6965	99	37	provided	provide	VERB
aijes-6965	99	38	by	by	ADP
aijes-6965	99	39	the	the	DET
aijes-6965	99	40	resource	resource	NOUN
aijes-6965	99	41	.	.	PUNCT
aijes-6965	100	1	figure	figure	NOUN
aijes-6965	100	2	1	1	NUM
aijes-6965	100	3	.	.	PUNCT
aijes-6965	100	4	development	development	NOUN
aijes-6965	100	5	status	status	NOUN
aijes-6965	100	6	,	,	PUNCT
aijes-6965	100	7	number	number	NOUN
aijes-6965	100	8	of	of	ADP
aijes-6965	100	9	projects	project	NOUN
aijes-6965	100	10	source	source	NOUN
aijes-6965	100	11	:	:	PUNCT
aijes-6965	100	12	prepared	prepare	VERB
aijes-6965	100	13	by	by	ADP
aijes-6965	100	14	the	the	DET
aijes-6965	100	15	author	author	NOUN
aijes-6965	100	16	based	base	VERB
aijes-6965	100	17	on	on	ADP
aijes-6965	100	18	cbdc	cbdc	NOUN
aijes-6965	100	19	tracker	tracker	NOUN
aijes-6965	100	20	most	most	ADJ
aijes-6965	100	21	central	central	ADJ
aijes-6965	100	22	banks	bank	NOUN
aijes-6965	100	23	developing	develop	VERB
aijes-6965	100	24	digital	digital	ADJ
aijes-6965	100	25	currencies	currency	NOUN
aijes-6965	100	26	have	have	AUX
aijes-6965	100	27	not	not	PART
aijes-6965	100	28	yet	yet	ADV
aijes-6965	100	29	decided	decide	VERB
aijes-6965	100	30	whether	whether	SCONJ
aijes-6965	100	31	they	they	PRON
aijes-6965	100	32	will	will	AUX
aijes-6965	100	33	use	use	VERB
aijes-6965	100	34	dlt	dlt	PROPN
aijes-6965	100	35	,	,	PUNCT
aijes-6965	100	36	but	but	CCONJ
aijes-6965	100	37	the	the	DET
aijes-6965	100	38	vast	vast	ADJ
aijes-6965	100	39	majority	majority	NOUN
aijes-6965	100	40	of	of	ADP
aijes-6965	100	41	those	those	PRON
aijes-6965	100	42	that	that	PRON
aijes-6965	100	43	have	have	VERB
aijes-6965	100	44	,	,	PUNCT
aijes-6965	100	45	say	say	VERB
aijes-6965	100	46	yes	yes	INTJ
aijes-6965	100	47	.	.	PUNCT
aijes-6965	101	1	of	of	ADP
aijes-6965	101	2	the	the	DET
aijes-6965	101	3	138	138	NUM
aijes-6965	101	4	projects	project	NOUN
aijes-6965	101	5	that	that	PRON
aijes-6965	101	6	have	have	AUX
aijes-6965	101	7	not	not	PART
aijes-6965	101	8	been	be	AUX
aijes-6965	101	9	cancelled	cancel	VERB
aijes-6965	101	10	,	,	PUNCT
aijes-6965	101	11	dlt	dlt	PROPN
aijes-6965	101	12	is	be	AUX
aijes-6965	101	13	used	use	VERB
aijes-6965	101	14	in	in	ADP
aijes-6965	101	15	49	49	NUM
aijes-6965	101	16	projects	project	NOUN
aijes-6965	101	17	,	,	PUNCT
aijes-6965	101	18	7	7	NUM
aijes-6965	101	19	are	be	AUX
aijes-6965	101	20	not	not	PART
aijes-6965	101	21	(	(	PUNCT
aijes-6965	101	22	the	the	DET
aijes-6965	101	23	digital	digital	PROPN
aijes-6965	101	24	yuan	yuan	PROPN
aijes-6965	101	25	falls	fall	VERB
aijes-6965	101	26	into	into	ADP
aijes-6965	101	27	this	this	DET
aijes-6965	101	28	category	category	NOUN
aijes-6965	101	29	)	)	PUNCT
aijes-6965	101	30	,	,	PUNCT
aijes-6965	101	31	and	and	CCONJ
aijes-6965	101	32	the	the	DET
aijes-6965	101	33	majority	majority	NOUN
aijes-6965	101	34	,	,	PUNCT
aijes-6965	101	35	82	82	NUM
aijes-6965	101	36	projects	project	NOUN
aijes-6965	101	37	,	,	PUNCT
aijes-6965	101	38	have	have	VERB
aijes-6965	101	39	no	no	DET
aijes-6965	101	40	information	information	NOUN
aijes-6965	101	41	on	on	ADP
aijes-6965	101	42	this	this	PRON
aijes-6965	101	43	yet	yet	ADV
aijes-6965	101	44	.	.	PUNCT
aijes-6965	102	1	thus	thus	ADV
aijes-6965	102	2	,	,	PUNCT
aijes-6965	102	3	dlt	dlt	PROPN
aijes-6965	102	4	is	be	AUX
aijes-6965	102	5	used	use	VERB
aijes-6965	102	6	in	in	ADP
aijes-6965	102	7	the	the	DET
aijes-6965	102	8	majority	majority	NOUN
aijes-6965	102	9	of	of	ADP
aijes-6965	102	10	projects	project	NOUN
aijes-6965	102	11	for	for	ADP
aijes-6965	102	12	which	which	PRON
aijes-6965	102	13	there	there	PRON
aijes-6965	102	14	is	be	VERB
aijes-6965	102	15	data	datum	NOUN
aijes-6965	102	16	.	.	PUNCT
aijes-6965	103	1	however	however	ADV
aijes-6965	103	2	,	,	PUNCT
aijes-6965	103	3	a	a	DET
aijes-6965	103	4	significant	significant	ADJ
aijes-6965	103	5	number	number	NOUN
aijes-6965	103	6	of	of	ADP
aijes-6965	103	7	projects	project	NOUN
aijes-6965	103	8	are	be	AUX
aijes-6965	103	9	still	still	ADV
aijes-6965	103	10	in	in	ADP
aijes-6965	103	11	the	the	DET
aijes-6965	103	12	early	early	ADJ
aijes-6965	103	13	stages	stage	NOUN
aijes-6965	103	14	of	of	ADP
aijes-6965	103	15	development	development	NOUN
aijes-6965	103	16	only	only	ADV
aijes-6965	103	17	24	24	NUM
aijes-6965	103	18	and	and	CCONJ
aijes-6965	103	19	16	16	NUM
aijes-6965	103	20	have	have	AUX
aijes-6965	103	21	moved	move	VERB
aijes-6965	103	22	to	to	ADP
aijes-6965	103	23	the	the	DET
aijes-6965	103	24	pilot	pilot	NOUN
aijes-6965	103	25	or	or	CCONJ
aijes-6965	103	26	proof	proof	NOUN
aijes-6965	103	27	-	-	PUNCT
aijes-6965	103	28	of	of	ADP
aijes-6965	103	29	-	-	PUNCT
aijes-6965	103	30	concept	concept	NOUN
aijes-6965	103	31	stage	stage	NOUN
aijes-6965	103	32	,	,	PUNCT
aijes-6965	103	33	respectively	respectively	ADV
aijes-6965	103	34	,	,	PUNCT
aijes-6965	103	35	against	against	ADP
aijes-6965	103	36	94	94	NUM
aijes-6965	103	37	in	in	ADP
aijes-6965	103	38	the	the	DET
aijes-6965	103	39	development	development	NOUN
aijes-6965	103	40	stage	stage	NOUN
aijes-6965	103	41	(	(	PUNCT
aijes-6965	103	42	another	another	DET
aijes-6965	103	43	4	4	NUM
aijes-6965	103	44	cbdcs	cbdc	NOUN
aijes-6965	103	45	can	can	AUX
aijes-6965	103	46	be	be	AUX
aijes-6965	103	47	considered	consider	VERB
aijes-6965	103	48	fully	fully	ADV
aijes-6965	103	49	launched	launch	VERB
aijes-6965	103	50	)	)	PUNCT
aijes-6965	103	51	.	.	PUNCT
aijes-6965	104	1	figure	figure	NOUN
aijes-6965	104	2	2	2	NUM
aijes-6965	104	3	.	.	PUNCT
aijes-6965	104	4	data	datum	NOUN
aijes-6965	104	5	on	on	ADP
aijes-6965	104	6	the	the	DET
aijes-6965	104	7	use	use	NOUN
aijes-6965	104	8	of	of	ADP
aijes-6965	104	9	dlt	dlt	PROPN
aijes-6965	104	10	in	in	ADP
aijes-6965	104	11	active	active	ADJ
aijes-6965	104	12	cbdc	cbdc	NOUN
aijes-6965	104	13	projects	project	NOUN
aijes-6965	104	14	,	,	PUNCT
aijes-6965	104	15	number	number	NOUN
aijes-6965	104	16	of	of	ADP
aijes-6965	104	17	projects	project	NOUN
aijes-6965	104	18	source	source	NOUN
aijes-6965	104	19	:	:	PUNCT
aijes-6965	104	20	prepared	prepare	VERB
aijes-6965	104	21	by	by	ADP
aijes-6965	104	22	the	the	DET
aijes-6965	104	23	author	author	NOUN
aijes-6965	104	24	based	base	VERB
aijes-6965	104	25	on	on	ADP
aijes-6965	104	26	cbdc	cbdc	PROPN
aijes-6965	104	27	tracker	tracker	NOUN
aijes-6965	104	28	data	datum	NOUN
aijes-6965	104	29	the	the	DET
aijes-6965	104	30	evolution	evolution	NOUN
aijes-6965	104	31	of	of	ADP
aijes-6965	104	32	digital	digital	ADJ
aijes-6965	104	33	currencies	currency	NOUN
aijes-6965	104	34	:	:	PUNCT
aijes-6965	104	35	from	from	ADP
aijes-6965	104	36	private	private	ADJ
aijes-6965	104	37	innovation	innovation	NOUN
aijes-6965	104	38	to	to	ADP
aijes-6965	104	39	central	central	ADJ
aijes-6965	104	40	bank	bank	NOUN
aijes-6965	104	41	implementation	implementation	NOUN
aijes-6965	104	42	a	a	DET
aijes-6965	104	43	comprehensive	comprehensive	ADJ
aijes-6965	104	44	analysis	analysis	NOUN
aijes-6965	104	45	of	of	ADP
aijes-6965	104	46	cbdc	cbdc	NOUN
aijes-6965	104	47	development	development	NOUN
aijes-6965	104	48	it	it	PRON
aijes-6965	104	49	can	can	AUX
aijes-6965	104	50	be	be	AUX
aijes-6965	104	51	noted	note	VERB
aijes-6965	104	52	that	that	SCONJ
aijes-6965	104	53	the	the	DET
aijes-6965	104	54	use	use	NOUN
aijes-6965	104	55	of	of	ADP
aijes-6965	104	56	dlt	dlt	PROPN
aijes-6965	104	57	is	be	AUX
aijes-6965	104	58	a	a	DET
aijes-6965	104	59	noticeable	noticeable	ADJ
aijes-6965	104	60	trend	trend	NOUN
aijes-6965	104	61	,	,	PUNCT
aijes-6965	104	62	although	although	SCONJ
aijes-6965	104	63	it	it	PRON
aijes-6965	104	64	is	be	AUX
aijes-6965	104	65	too	too	ADV
aijes-6965	104	66	early	early	ADJ
aijes-6965	104	67	to	to	PART
aijes-6965	104	68	talk	talk	VERB
aijes-6965	104	69	about	about	ADP
aijes-6965	104	70	it	it	PRON
aijes-6965	104	71	as	as	ADP
aijes-6965	104	72	a	a	DET
aijes-6965	104	73	mandatory	mandatory	ADJ
aijes-6965	104	74	or	or	CCONJ
aijes-6965	104	75	inherent	inherent	ADJ
aijes-6965	104	76	property	property	NOUN
aijes-6965	104	77	of	of	ADP
aijes-6965	104	78	digital	digital	ADJ
aijes-6965	104	79	currencies	currency	NOUN
aijes-6965	104	80	in	in	ADP
aijes-6965	104	81	the	the	DET
aijes-6965	104	82	overwhelming	overwhelming	ADJ
aijes-6965	104	83	majority	majority	NOUN
aijes-6965	104	84	of	of	ADP
aijes-6965	104	85	cases	case	NOUN
aijes-6965	104	86	:	:	PUNCT
aijes-6965	104	87	the	the	DET
aijes-6965	104	88	first	first	ADJ
aijes-6965	104	89	excludes	exclude	VERB
aijes-6965	104	90	the	the	DET
aijes-6965	104	91	existence	existence	NOUN
aijes-6965	104	92	of	of	ADP
aijes-6965	104	93	digital	digital	ADJ
aijes-6965	104	94	currencies	currency	NOUN
aijes-6965	104	95	projects	project	NOUN
aijes-6965	104	96	such	such	ADJ
aijes-6965	104	97	as	as	ADP
aijes-6965	104	98	the	the	DET
aijes-6965	104	99	digital	digital	PROPN
aijes-6965	104	100	yuan	yuan	NOUN
aijes-6965	104	101	,	,	PUNCT
aijes-6965	104	102	and	and	CCONJ
aijes-6965	104	103	for	for	ADP
aijes-6965	104	104	the	the	DET
aijes-6965	104	105	second	second	ADJ
aijes-6965	104	106	statement	statement	NOUN
aijes-6965	104	107	there	there	PRON
aijes-6965	104	108	are	be	VERB
aijes-6965	104	109	too	too	ADV
aijes-6965	104	110	many	many	ADJ
aijes-6965	104	111	projects	project	NOUN
aijes-6965	104	112	with	with	ADP
aijes-6965	104	113	an	an	DET
aijes-6965	104	114	unspecified	unspecified	ADJ
aijes-6965	104	115	transaction	transaction	NOUN
aijes-6965	104	116	accounting	accounting	NOUN
aijes-6965	104	117	technology	technology	NOUN
aijes-6965	104	118	.	.	PUNCT
aijes-6965	105	1	it	it	PRON
aijes-6965	105	2	is	be	AUX
aijes-6965	105	3	also	also	ADV
aijes-6965	105	4	interesting	interesting	ADJ
aijes-6965	105	5	to	to	PART
aijes-6965	105	6	see	see	VERB
aijes-6965	105	7	the	the	DET
aijes-6965	105	8	data	datum	NOUN
aijes-6965	105	9	on	on	ADP
aijes-6965	105	10	what	what	DET
aijes-6965	105	11	currencies	currency	NOUN
aijes-6965	105	12	are	be	AUX
aijes-6965	105	13	mostly	mostly	ADV
aijes-6965	105	14	being	be	AUX
aijes-6965	105	15	developed	develop	VERB
aijes-6965	105	16	by	by	ADP
aijes-6965	105	17	central	central	ADJ
aijes-6965	105	18	banks	bank	NOUN
aijes-6965	105	19	:	:	PUNCT
aijes-6965	105	20	retail	retail	ADJ
aijes-6965	105	21	or	or	CCONJ
aijes-6965	105	22	wholesale	wholesale	ADJ
aijes-6965	105	23	.	.	PUNCT
aijes-6965	106	1	most	most	ADJ
aijes-6965	106	2	of	of	ADP
aijes-6965	106	3	the	the	DET
aijes-6965	106	4	cbdcs	cbdc	NOUN
aijes-6965	106	5	being	be	AUX
aijes-6965	106	6	developed	develop	VERB
aijes-6965	106	7	are	be	AUX
aijes-6965	106	8	of	of	ADP
aijes-6965	106	9	the	the	DET
aijes-6965	106	10	retail	retail	ADJ
aijes-6965	106	11	variety	variety	NOUN
aijes-6965	106	12	.	.	PUNCT
aijes-6965	107	1	there	there	PRON
aijes-6965	107	2	is	be	VERB
aijes-6965	107	3	no	no	DET
aijes-6965	107	4	information	information	NOUN
aijes-6965	107	5	yet	yet	ADV
aijes-6965	107	6	on	on	ADP
aijes-6965	107	7	the	the	DET
aijes-6965	107	8	purpose	purpose	NOUN
aijes-6965	107	9	or	or	CCONJ
aijes-6965	107	10	technology	technology	NOUN
aijes-6965	107	11	of	of	ADP
aijes-6965	107	12	the	the	DET
aijes-6965	107	13	ethiopian	ethiopian	ADJ
aijes-6965	107	14	central	central	PROPN
aijes-6965	107	15	bank	bank	PROPN
aijes-6965	107	16	digital	digital	ADJ
aijes-6965	107	17	currency	currency	NOUN
aijes-6965	107	18	announced	announce	VERB
aijes-6965	107	19	in	in	ADP
aijes-6965	107	20	2024	2024	NUM
aijes-6965	107	21	.	.	PUNCT
aijes-6965	108	1	the	the	DET
aijes-6965	108	2	currencies	currency	NOUN
aijes-6965	108	3	classified	classify	VERB
aijes-6965	108	4	in	in	ADP
aijes-6965	108	5	the	the	DET
aijes-6965	108	6	“	"	PUNCT
aijes-6965	108	7	other	other	ADJ
aijes-6965	108	8	”	"	PUNCT
aijes-6965	108	9	group	group	NOUN
aijes-6965	108	10	by	by	ADP
aijes-6965	108	11	functionality	functionality	NOUN
aijes-6965	108	12	include	include	VERB
aijes-6965	108	13	two	two	NUM
aijes-6965	108	14	projects	project	NOUN
aijes-6965	108	15	that	that	PRON
aijes-6965	108	16	are	be	AUX
aijes-6965	108	17	not	not	PART
aijes-6965	108	18	digital	digital	ADJ
aijes-6965	108	19	currencies	currency	NOUN
aijes-6965	108	20	as	as	ADP
aijes-6965	108	21	such	such	ADJ
aijes-6965	108	22	,	,	PUNCT
aijes-6965	108	23	but	but	CCONJ
aijes-6965	108	24	rather	rather	ADV
aijes-6965	108	25	experiments	experiment	NOUN
aijes-6965	108	26	with	with	ADP
aijes-6965	108	27	technologies	technology	NOUN
aijes-6965	108	28	.	.	PUNCT
aijes-6965	109	1	these	these	PRON
aijes-6965	109	2	are	be	AUX
aijes-6965	109	3	the	the	DET
aijes-6965	109	4	stella	stella	NOUN
aijes-6965	109	5	project	project	NOUN
aijes-6965	109	6	between	between	ADP
aijes-6965	109	7	the	the	DET
aijes-6965	109	8	european	european	ADJ
aijes-6965	109	9	and	and	CCONJ
aijes-6965	109	10	japanese	japanese	ADJ
aijes-6965	109	11	central	central	ADJ
aijes-6965	109	12	banks	bank	NOUN
aijes-6965	109	13	,	,	PUNCT
aijes-6965	109	14	dedicated	dedicate	VERB
aijes-6965	109	15	to	to	ADP
aijes-6965	109	16	studying	study	VERB
aijes-6965	109	17	the	the	DET
aijes-6965	109	18	prospects	prospect	NOUN
aijes-6965	109	19	of	of	ADP
aijes-6965	109	20	dlt	dlt	PROPN
aijes-6965	109	21	in	in	ADP
aijes-6965	109	22	the	the	DET
aijes-6965	109	23	field	field	NOUN
aijes-6965	109	24	of	of	ADP
aijes-6965	109	25	transnational	transnational	ADJ
aijes-6965	109	26	payments	payment	NOUN
aijes-6965	109	27	,	,	PUNCT
aijes-6965	109	28	and	and	CCONJ
aijes-6965	109	29	the	the	DET
aijes-6965	109	30	hamilton	hamilton	PROPN
aijes-6965	109	31	project	project	PROPN
aijes-6965	109	32	,	,	PUNCT
aijes-6965	109	33	an	an	DET
aijes-6965	109	34	experiment	experiment	NOUN
aijes-6965	109	35	by	by	ADP
aijes-6965	109	36	the	the	DET
aijes-6965	109	37	us	us	PROPN
aijes-6965	109	38	federal	federal	PROPN
aijes-6965	109	39	reserve	reserve	PROPN
aijes-6965	109	40	.	.	PUNCT
aijes-6965	110	1	this	this	DET
aijes-6965	110	2	group	group	NOUN
aijes-6965	110	3	also	also	ADV
aijes-6965	110	4	includes	include	VERB
aijes-6965	110	5	the	the	DET
aijes-6965	110	6	stablecoin	stablecoin	ADJ
aijes-6965	110	7	project	project	NOUN
aijes-6965	110	8	of	of	ADP
aijes-6965	110	9	palau	palau	PROPN
aijes-6965	110	10	,	,	PUNCT
aijes-6965	110	11	which	which	PRON
aijes-6965	110	12	does	do	AUX
aijes-6965	110	13	not	not	PART
aijes-6965	110	14	have	have	VERB
aijes-6965	110	15	its	its	PRON
aijes-6965	110	16	own	own	ADJ
aijes-6965	110	17	central	central	ADJ
aijes-6965	110	18	bank	bank	NOUN
aijes-6965	110	19	,	,	PUNCT
aijes-6965	110	20	and	and	CCONJ
aijes-6965	110	21	the	the	DET
aijes-6965	110	22	above	above	ADV
aijes-6965	110	23	-	-	PUNCT
aijes-6965	110	24	mentioned	mention	VERB
aijes-6965	110	25	zimbabwean	zimbabwean	ADJ
aijes-6965	110	26	currency	currency	PROPN
aijes-6965	110	27	zig	zig	PROPN
aijes-6965	110	28	.	.	PUNCT
aijes-6965	111	1	the	the	DET
aijes-6965	111	2	resource	resource	NOUN
aijes-6965	111	3	does	do	AUX
aijes-6965	111	4	not	not	PART
aijes-6965	111	5	indicate	indicate	VERB
aijes-6965	111	6	the	the	DET
aijes-6965	111	7	exact	exact	ADJ
aijes-6965	111	8	reason	reason	NOUN
aijes-6965	111	9	for	for	ADP
aijes-6965	111	10	classifying	classify	VERB
aijes-6965	111	11	these	these	DET
aijes-6965	111	12	currencies	currency	NOUN
aijes-6965	111	13	as	as	ADP
aijes-6965	111	14	"	"	PUNCT
aijes-6965	111	15	other	other	ADJ
aijes-6965	111	16	"	"	PUNCT
aijes-6965	111	17	,	,	PUNCT
aijes-6965	111	18	but	but	CCONJ
aijes-6965	111	19	the	the	DET
aijes-6965	111	20	small	small	ADJ
aijes-6965	111	21	amount	amount	NOUN
aijes-6965	111	22	of	of	ADP
aijes-6965	111	23	information	information	NOUN
aijes-6965	111	24	on	on	ADP
aijes-6965	111	25	their	their	PRON
aijes-6965	111	26	account	account	NOUN
aijes-6965	111	27	does	do	AUX
aijes-6965	111	28	not	not	PART
aijes-6965	111	29	allow	allow	VERB
aijes-6965	111	30	us	we	PRON
aijes-6965	111	31	to	to	PART
aijes-6965	111	32	clearly	clearly	ADV
aijes-6965	111	33	classify	classify	VERB
aijes-6965	111	34	these	these	DET
aijes-6965	111	35	currencies	currency	NOUN
aijes-6965	111	36	as	as	ADP
aijes-6965	111	37	one	one	NUM
aijes-6965	111	38	group	group	NOUN
aijes-6965	111	39	or	or	CCONJ
aijes-6965	111	40	another	another	PRON
aijes-6965	111	41	.	.	PUNCT
aijes-6965	112	1	the	the	DET
aijes-6965	112	2	press	press	NOUN
aijes-6965	112	3	release	release	NOUN
aijes-6965	112	4	on	on	ADP
aijes-6965	112	5	the	the	DET
aijes-6965	112	6	official	official	ADJ
aijes-6965	112	7	website	website	NOUN
aijes-6965	112	8	of	of	ADP
aijes-6965	112	9	the	the	DET
aijes-6965	112	10	reserve	reserve	PROPN
aijes-6965	112	11	bank	bank	PROPN
aijes-6965	112	12	of	of	ADP
aijes-6965	112	13	zimbabwe	zimbabwe	PROPN
aijes-6965	112	14	does	do	AUX
aijes-6965	112	15	not	not	PART
aijes-6965	112	16	answer	answer	VERB
aijes-6965	112	17	this	this	DET
aijes-6965	112	18	question	question	NOUN
aijes-6965	112	19	and	and	CCONJ
aijes-6965	112	20	only	only	ADV
aijes-6965	112	21	indicates	indicate	VERB
aijes-6965	112	22	that	that	SCONJ
aijes-6965	112	23	the	the	DET
aijes-6965	112	24	new	new	ADJ
aijes-6965	112	25	currency	currency	NOUN
aijes-6965	112	26	will	will	AUX
aijes-6965	112	27	be	be	AUX
aijes-6965	112	28	backed	back	VERB
aijes-6965	112	29	by	by	ADP
aijes-6965	112	30	gold	gold	NOUN
aijes-6965	112	31	.	.	PUNCT
aijes-6965	113	1	figure	figure	NOUN
aijes-6965	113	2	3	3	NUM
aijes-6965	113	3	.	.	PUNCT
aijes-6965	113	4	data	datum	NOUN
aijes-6965	113	5	on	on	ADP
aijes-6965	113	6	active	active	ADJ
aijes-6965	113	7	cbdc	cbdc	NOUN
aijes-6965	113	8	projects	project	NOUN
aijes-6965	113	9	models	model	NOUN
aijes-6965	113	10	(	(	PUNCT
aijes-6965	113	11	retail	retail	ADJ
aijes-6965	113	12	or	or	CCONJ
aijes-6965	113	13	wholesale	wholesale	ADJ
aijes-6965	113	14	models	model	NOUN
aijes-6965	113	15	)	)	PUNCT
aijes-6965	113	16	,	,	PUNCT
aijes-6965	113	17	number	number	NOUN
aijes-6965	113	18	of	of	ADP
aijes-6965	113	19	projects	project	NOUN
aijes-6965	113	20	source	source	NOUN
aijes-6965	113	21	:	:	PUNCT
aijes-6965	113	22	prepared	prepare	VERB
aijes-6965	113	23	by	by	ADP
aijes-6965	113	24	the	the	DET
aijes-6965	113	25	authors	author	NOUN
aijes-6965	113	26	based	base	VERB
aijes-6965	113	27	on	on	ADP
aijes-6965	113	28	cbdc	cbdc	PROPN
aijes-6965	113	29	tracker	tracker	NOUN
aijes-6965	113	30	data	data	PROPN
aijes-6965	113	31	.	.	PUNCT
aijes-6965	114	1	all	all	DET
aijes-6965	114	2	projects	project	NOUN
aijes-6965	114	3	,	,	PUNCT
aijes-6965	114	4	with	with	ADP
aijes-6965	114	5	the	the	DET
aijes-6965	114	6	exception	exception	NOUN
aijes-6965	114	7	of	of	ADP
aijes-6965	114	8	one	one	NUM
aijes-6965	114	9	(	(	PUNCT
aijes-6965	114	10	agila	agila	PROPN
aijes-6965	114	11	)	)	PUNCT
aijes-6965	114	12	,	,	PUNCT
aijes-6965	114	13	that	that	PRON
aijes-6965	114	14	claim	claim	VERB
aijes-6965	114	15	not	not	PART
aijes-6965	114	16	to	to	PART
aijes-6965	114	17	use	use	VERB
aijes-6965	114	18	dlt	dlt	PROPN
aijes-6965	114	19	,	,	PUNCT
aijes-6965	114	20	belong	belong	VERB
aijes-6965	114	21	to	to	ADP
aijes-6965	114	22	the	the	DET
aijes-6965	114	23	retail	retail	ADJ
aijes-6965	114	24	model	model	NOUN
aijes-6965	114	25	of	of	ADP
aijes-6965	114	26	the	the	DET
aijes-6965	114	27	cbdc	cbdc	NOUN
aijes-6965	114	28	system	system	NOUN
aijes-6965	114	29	.	.	PUNCT
aijes-6965	115	1	those	those	DET
aijes-6965	115	2	developments	development	NOUN
aijes-6965	115	3	that	that	PRON
aijes-6965	115	4	use	use	VERB
aijes-6965	115	5	distributed	distribute	VERB
aijes-6965	115	6	ledger	ledger	NOUN
aijes-6965	115	7	technologies	technology	NOUN
aijes-6965	115	8	are	be	AUX
aijes-6965	115	9	equally	equally	ADV
aijes-6965	115	10	divided	divide	VERB
aijes-6965	115	11	in	in	ADP
aijes-6965	115	12	the	the	DET
aijes-6965	115	13	access	access	NOUN
aijes-6965	115	14	model	model	NOUN
aijes-6965	115	15	between	between	ADP
aijes-6965	115	16	retail	retail	ADJ
aijes-6965	115	17	and	and	CCONJ
aijes-6965	115	18	wholesale	wholesale	ADJ
aijes-6965	115	19	models	model	NOUN
aijes-6965	115	20	,	,	PUNCT
aijes-6965	115	21	with	with	ADP
aijes-6965	115	22	a	a	DET
aijes-6965	115	23	slight	slight	ADJ
aijes-6965	115	24	advantage	advantage	NOUN
aijes-6965	115	25	for	for	ADP
aijes-6965	115	26	wholesale.(eswar	wholesale.(eswar	PRON
aijes-6965	115	27	s.	s.	PROPN
aijes-6965	115	28	,	,	PUNCT
aijes-6965	115	29	2021	2021	NUM
aijes-6965	115	30	)	)	PUNCT
aijes-6965	115	31	.	.	PUNCT
aijes-6965	116	1	ali	ali	PROPN
aijes-6965	116	2	yusifov	yusifov	PROPN
aijes-6965	116	3	figure	figure	VERB
aijes-6965	116	4	4	4	NUM
aijes-6965	116	5	.	.	PUNCT
aijes-6965	117	1	data	datum	NOUN
aijes-6965	117	2	on	on	ADP
aijes-6965	117	3	active	active	ADJ
aijes-6965	117	4	cbdc	cbdc	NOUN
aijes-6965	117	5	projects	project	NOUN
aijes-6965	117	6	models	model	NOUN
aijes-6965	117	7	using	use	VERB
aijes-6965	117	8	dlt	dlt	PROPN
aijes-6965	117	9	(	(	PUNCT
aijes-6965	117	10	retail	retail	ADJ
aijes-6965	117	11	or	or	CCONJ
aijes-6965	117	12	wholesale	wholesale	ADJ
aijes-6965	117	13	models	model	NOUN
aijes-6965	117	14	)	)	PUNCT
aijes-6965	117	15	,	,	PUNCT
aijes-6965	117	16	number	number	NOUN
aijes-6965	117	17	of	of	ADP
aijes-6965	117	18	projects	project	NOUN
aijes-6965	117	19	source	source	NOUN
aijes-6965	117	20	:	:	PUNCT
aijes-6965	117	21	prepared	prepare	VERB
aijes-6965	117	22	by	by	ADP
aijes-6965	117	23	the	the	DET
aijes-6965	117	24	authors	author	NOUN
aijes-6965	117	25	based	base	VERB
aijes-6965	117	26	on	on	ADP
aijes-6965	117	27	cbdc	cbdc	PROPN
aijes-6965	117	28	tracker	tracker	NOUN
aijes-6965	117	29	data	datum	NOUN
aijes-6965	117	30	of	of	ADP
aijes-6965	117	31	the	the	DET
aijes-6965	117	32	30	30	NUM
aijes-6965	117	33	wholesale	wholesale	ADJ
aijes-6965	117	34	digital	digital	ADJ
aijes-6965	117	35	currency	currency	NOUN
aijes-6965	117	36	projects	project	NOUN
aijes-6965	117	37	,	,	PUNCT
aijes-6965	117	38	22	22	NUM
aijes-6965	117	39	have	have	AUX
aijes-6965	117	40	already	already	ADV
aijes-6965	117	41	decided	decide	VERB
aijes-6965	117	42	whether	whether	SCONJ
aijes-6965	117	43	they	they	PRON
aijes-6965	117	44	will	will	AUX
aijes-6965	117	45	use	use	VERB
aijes-6965	117	46	dlt	dlt	PROPN
aijes-6965	117	47	,	,	PUNCT
aijes-6965	117	48	and	and	CCONJ
aijes-6965	117	49	all	all	PRON
aijes-6965	117	50	but	but	SCONJ
aijes-6965	117	51	agila	agila	PROPN
aijes-6965	117	52	have	have	AUX
aijes-6965	117	53	answered	answer	VERB
aijes-6965	117	54	this	this	DET
aijes-6965	117	55	question	question	NOUN
aijes-6965	117	56	positively	positively	ADV
aijes-6965	117	57	.	.	PUNCT
aijes-6965	118	1	it	it	PRON
aijes-6965	118	2	can	can	AUX
aijes-6965	118	3	be	be	AUX
aijes-6965	118	4	assumed	assume	VERB
aijes-6965	118	5	that	that	SCONJ
aijes-6965	118	6	a	a	DET
aijes-6965	118	7	significant	significant	ADJ
aijes-6965	118	8	portion	portion	NOUN
aijes-6965	118	9	of	of	ADP
aijes-6965	118	10	these	these	DET
aijes-6965	118	11	wholesale	wholesale	ADJ
aijes-6965	118	12	currencies	currency	NOUN
aijes-6965	118	13	are	be	AUX
aijes-6965	118	14	being	be	AUX
aijes-6965	118	15	developed	develop	VERB
aijes-6965	118	16	with	with	ADP
aijes-6965	118	17	the	the	DET
aijes-6965	118	18	prospect	prospect	NOUN
aijes-6965	118	19	of	of	ADP
aijes-6965	118	20	being	be	AUX
aijes-6965	118	21	used	use	VERB
aijes-6965	118	22	for	for	ADP
aijes-6965	118	23	cross	cross	ADJ
aijes-6965	118	24	-	-	ADJ
aijes-6965	118	25	border	border	ADJ
aijes-6965	118	26	settlements	settlement	NOUN
aijes-6965	118	27	:	:	PUNCT
aijes-6965	118	28	since	since	SCONJ
aijes-6965	118	29	credit	credit	NOUN
aijes-6965	118	30	institutions	institution	NOUN
aijes-6965	118	31	are	be	AUX
aijes-6965	118	32	much	much	ADV
aijes-6965	118	33	more	more	ADV
aijes-6965	118	34	active	active	ADJ
aijes-6965	118	35	participants	participant	NOUN
aijes-6965	118	36	in	in	ADP
aijes-6965	118	37	cross	cross	ADJ
aijes-6965	118	38	-	-	ADJ
aijes-6965	118	39	border	border	ADJ
aijes-6965	118	40	settlements	settlement	NOUN
aijes-6965	118	41	than	than	ADP
aijes-6965	118	42	individuals	individual	NOUN
aijes-6965	118	43	,	,	PUNCT
aijes-6965	118	44	they	they	PRON
aijes-6965	118	45	are	be	AUX
aijes-6965	118	46	interested	interested	ADJ
aijes-6965	118	47	in	in	ADP
aijes-6965	118	48	the	the	DET
aijes-6965	118	49	currency	currency	NOUN
aijes-6965	118	50	intended	intend	VERB
aijes-6965	118	51	specifically	specifically	ADV
aijes-6965	118	52	for	for	ADP
aijes-6965	118	53	them	they	PRON
aijes-6965	118	54	performing	perform	VERB
aijes-6965	118	55	cross	cross	ADJ
aijes-6965	118	56	-	-	ADJ
aijes-6965	118	57	border	border	ADJ
aijes-6965	118	58	payment	payment	NOUN
aijes-6965	118	59	tasks	task	NOUN
aijes-6965	118	60	more	more	ADV
aijes-6965	118	61	efficiently	efficiently	ADV
aijes-6965	118	62	.	.	PUNCT
aijes-6965	119	1	dlt	dlt	PROPN
aijes-6965	119	2	has	have	VERB
aijes-6965	119	3	great	great	ADJ
aijes-6965	119	4	potential	potential	NOUN
aijes-6965	119	5	in	in	ADP
aijes-6965	119	6	cross	cross	ADJ
aijes-6965	119	7	-	-	ADJ
aijes-6965	119	8	border	border	ADJ
aijes-6965	119	9	payments	payment	NOUN
aijes-6965	119	10	.	.	PUNCT
aijes-6965	120	1	therefore	therefore	ADV
aijes-6965	120	2	,	,	PUNCT
aijes-6965	120	3	the	the	DET
aijes-6965	120	4	prevalence	prevalence	NOUN
aijes-6965	120	5	of	of	ADP
aijes-6965	120	6	dlt	dlt	PROPN
aijes-6965	120	7	among	among	ADP
aijes-6965	120	8	wholesale	wholesale	ADJ
aijes-6965	120	9	currencies	currency	NOUN
aijes-6965	120	10	can	can	AUX
aijes-6965	120	11	be	be	AUX
aijes-6965	120	12	attributed	attribute	VERB
aijes-6965	120	13	to	to	ADP
aijes-6965	120	14	the	the	DET
aijes-6965	120	15	fact	fact	NOUN
aijes-6965	120	16	that	that	SCONJ
aijes-6965	120	17	distributed	distribute	VERB
aijes-6965	120	18	ledger	ledger	NOUN
aijes-6965	120	19	technologies	technology	NOUN
aijes-6965	120	20	have	have	AUX
aijes-6965	120	21	demonstrated	demonstrate	VERB
aijes-6965	120	22	good	good	ADJ
aijes-6965	120	23	results	result	NOUN
aijes-6965	120	24	in	in	ADP
aijes-6965	120	25	cross	cross	ADJ
aijes-6965	120	26	-	-	ADJ
aijes-6965	120	27	border	border	ADJ
aijes-6965	120	28	settlements	settlement	NOUN
aijes-6965	120	29	.	.	PUNCT
aijes-6965	121	1	as	as	SCONJ
aijes-6965	121	2	noted	note	VERB
aijes-6965	121	3	by	by	ADP
aijes-6965	121	4	i.	i.	PROPN
aijes-6965	121	5	o.	o.	PROPN
aijes-6965	121	6	nesterov	nesterov	PROPN
aijes-6965	121	7	,	,	PUNCT
aijes-6965	121	8	the	the	DET
aijes-6965	121	9	speed	speed	NOUN
aijes-6965	121	10	of	of	ADP
aijes-6965	121	11	international	international	ADJ
aijes-6965	121	12	payments	payment	NOUN
aijes-6965	121	13	is	be	AUX
aijes-6965	121	14	low	low	ADJ
aijes-6965	121	15	due	due	ADP
aijes-6965	121	16	to	to	ADP
aijes-6965	121	17	the	the	DET
aijes-6965	121	18	above	above	ADV
aijes-6965	121	19	-	-	PUNCT
aijes-6965	121	20	mentioned	mention	VERB
aijes-6965	121	21	strict	strict	ADJ
aijes-6965	121	22	security	security	NOUN
aijes-6965	121	23	checks	check	NOUN
aijes-6965	121	24	kyc	kyc	PROPN
aijes-6965	121	25	(	(	PUNCT
aijes-6965	121	26	know	know	VERB
aijes-6965	121	27	your	your	PRON
aijes-6965	121	28	customer	customer	NOUN
aijes-6965	121	29	)	)	PUNCT
aijes-6965	121	30	and	and	CCONJ
aijes-6965	121	31	aml	aml	PROPN
aijes-6965	121	32	/	/	SYM
aijes-6965	121	33	cft	cft	PROPN
aijes-6965	121	34	(	(	PUNCT
aijes-6965	121	35	anti	anti	ADJ
aijes-6965	121	36	-	-	ADJ
aijes-6965	121	37	money	money	ADJ
aijes-6965	121	38	laundering	laundering	NOUN
aijes-6965	121	39	/	/	PUNCT
aijes-6965	121	40	combating	combat	VERB
aijes-6965	121	41	the	the	DET
aijes-6965	121	42	financing	financing	NOUN
aijes-6965	121	43	of	of	ADP
aijes-6965	121	44	terrorism	terrorism	NOUN
aijes-6965	121	45	)	)	PUNCT
aijes-6965	121	46	procedures	procedure	NOUN
aijes-6965	121	47	,	,	PUNCT
aijes-6965	121	48	due	due	ADP
aijes-6965	121	49	to	to	ADP
aijes-6965	121	50	which	which	PRON
aijes-6965	121	51	the	the	DET
aijes-6965	121	52	average	average	ADJ
aijes-6965	121	53	international	international	ADJ
aijes-6965	121	54	payment	payment	NOUN
aijes-6965	121	55	period	period	NOUN
aijes-6965	121	56	took	take	VERB
aijes-6965	121	57	several	several	ADJ
aijes-6965	121	58	days	day	NOUN
aijes-6965	121	59	.	.	PUNCT
aijes-6965	122	1	added	add	VERB
aijes-6965	122	2	to	to	ADP
aijes-6965	122	3	this	this	PRON
aijes-6965	122	4	are	be	AUX
aijes-6965	122	5	the	the	DET
aijes-6965	122	6	high	high	ADJ
aijes-6965	122	7	commission	commission	NOUN
aijes-6965	122	8	and	and	CCONJ
aijes-6965	122	9	poor	poor	ADJ
aijes-6965	122	10	predictability	predictability	NOUN
aijes-6965	122	11	of	of	ADP
aijes-6965	122	12	commission	commission	NOUN
aijes-6965	122	13	and	and	CCONJ
aijes-6965	122	14	time	time	NOUN
aijes-6965	122	15	costs	cost	NOUN
aijes-6965	122	16	for	for	ADP
aijes-6965	122	17	cross	cross	ADJ
aijes-6965	122	18	-	-	ADJ
aijes-6965	122	19	border	border	ADJ
aijes-6965	122	20	transfers	transfer	NOUN
aijes-6965	122	21	due	due	ADP
aijes-6965	122	22	to	to	ADP
aijes-6965	122	23	the	the	DET
aijes-6965	122	24	high	high	ADJ
aijes-6965	122	25	and	and	CCONJ
aijes-6965	122	26	poorly	poorly	ADV
aijes-6965	122	27	defined	define	VERB
aijes-6965	122	28	number	number	NOUN
aijes-6965	122	29	of	of	ADP
aijes-6965	122	30	intermediaries	intermediary	NOUN
aijes-6965	122	31	.	.	PUNCT
aijes-6965	123	1	together	together	ADV
aijes-6965	123	2	,	,	PUNCT
aijes-6965	123	3	this	this	PRON
aijes-6965	123	4	increases	increase	VERB
aijes-6965	123	5	transaction	transaction	NOUN
aijes-6965	123	6	costs	cost	NOUN
aijes-6965	123	7	with	with	ADP
aijes-6965	123	8	all	all	DET
aijes-6965	123	9	the	the	DET
aijes-6965	123	10	ensuing	ensue	VERB
aijes-6965	123	11	negative	negative	ADJ
aijes-6965	123	12	consequences	consequence	NOUN
aijes-6965	123	13	.	.	PUNCT
aijes-6965	124	1	(	(	PUNCT
aijes-6965	124	2	world	world	PROPN
aijes-6965	124	3	bank	bank	PROPN
aijes-6965	124	4	group	group	NOUN
aijes-6965	124	5	,	,	PUNCT
aijes-6965	124	6	2021	2021	NUM
aijes-6965	124	7	)	)	PUNCT
aijes-6965	124	8	research	research	NOUN
aijes-6965	124	9	and	and	CCONJ
aijes-6965	124	10	testing	testing	NOUN
aijes-6965	124	11	in	in	ADP
aijes-6965	124	12	the	the	DET
aijes-6965	124	13	area	area	NOUN
aijes-6965	124	14	of	of	ADP
aijes-6965	124	15	merging	merge	VERB
aijes-6965	124	16	the	the	DET
aijes-6965	124	17	systems	system	NOUN
aijes-6965	124	18	of	of	ADP
aijes-6965	124	19	the	the	DET
aijes-6965	124	20	centralized	centralized	ADJ
aijes-6965	124	21	digital	digital	ADJ
aijes-6965	124	22	currency	currency	NOUN
aijes-6965	124	23	exchanges	exchange	NOUN
aijes-6965	124	24	of	of	ADP
aijes-6965	124	25	different	different	ADJ
aijes-6965	124	26	countries	country	NOUN
aijes-6965	124	27	,	,	PUNCT
aijes-6965	124	28	conducted	conduct	VERB
aijes-6965	124	29	by	by	ADP
aijes-6965	124	30	the	the	DET
aijes-6965	124	31	monetary	monetary	ADJ
aijes-6965	124	32	authorities	authority	NOUN
aijes-6965	124	33	of	of	ADP
aijes-6965	124	34	thailand	thailand	PROPN
aijes-6965	124	35	and	and	CCONJ
aijes-6965	124	36	hong	hong	PROPN
aijes-6965	124	37	kong	kong	PROPN
aijes-6965	124	38	,	,	PUNCT
aijes-6965	124	39	and	and	CCONJ
aijes-6965	124	40	later	later	ADV
aijes-6965	124	41	by	by	ADP
aijes-6965	124	42	china	china	PROPN
aijes-6965	124	43	,	,	PUNCT
aijes-6965	124	44	the	the	DET
aijes-6965	124	45	uae	uae	PROPN
aijes-6965	124	46	and	and	CCONJ
aijes-6965	124	47	the	the	DET
aijes-6965	124	48	hong	hong	PROPN
aijes-6965	124	49	kong	kong	PROPN
aijes-6965	124	50	hub	hub	PROPN
aijes-6965	124	51	of	of	ADP
aijes-6965	124	52	the	the	DET
aijes-6965	124	53	bank	bank	NOUN
aijes-6965	124	54	for	for	ADP
aijes-6965	124	55	international	international	ADJ
aijes-6965	124	56	settlements	settlement	NOUN
aijes-6965	124	57	,	,	PUNCT
aijes-6965	124	58	have	have	AUX
aijes-6965	124	59	demonstrated	demonstrate	VERB
aijes-6965	124	60	an	an	DET
aijes-6965	124	61	increase	increase	NOUN
aijes-6965	124	62	in	in	ADP
aijes-6965	124	63	the	the	DET
aijes-6965	124	64	speed	speed	NOUN
aijes-6965	124	65	of	of	ADP
aijes-6965	124	66	international	international	ADJ
aijes-6965	124	67	transfers	transfer	NOUN
aijes-6965	124	68	from	from	ADP
aijes-6965	124	69	several	several	ADJ
aijes-6965	124	70	days	day	NOUN
aijes-6965	124	71	to	to	ADP
aijes-6965	124	72	several	several	ADJ
aijes-6965	124	73	seconds	second	NOUN
aijes-6965	124	74	,	,	PUNCT
aijes-6965	124	75	while	while	SCONJ
aijes-6965	124	76	maintaining	maintain	VERB
aijes-6965	124	77	control	control	NOUN
aijes-6965	124	78	over	over	ADP
aijes-6965	124	79	all	all	DET
aijes-6965	124	80	transactions	transaction	NOUN
aijes-6965	124	81	by	by	ADP
aijes-6965	124	82	each	each	PRON
aijes-6965	124	83	of	of	ADP
aijes-6965	124	84	the	the	DET
aijes-6965	124	85	monetary	monetary	ADJ
aijes-6965	124	86	authorities	authority	NOUN
aijes-6965	124	87	.	.	PUNCT
aijes-6965	125	1	since	since	SCONJ
aijes-6965	125	2	a	a	DET
aijes-6965	125	3	significant	significant	ADJ
aijes-6965	125	4	part	part	NOUN
aijes-6965	125	5	of	of	ADP
aijes-6965	125	6	international	international	ADJ
aijes-6965	125	7	payments	payment	NOUN
aijes-6965	125	8	occurs	occur	VERB
aijes-6965	125	9	in	in	ADP
aijes-6965	125	10	the	the	DET
aijes-6965	125	11	interbank	interbank	NOUN
aijes-6965	125	12	sector	sector	NOUN
aijes-6965	125	13	,	,	PUNCT
aijes-6965	125	14	such	such	ADJ
aijes-6965	125	15	technologies	technology	NOUN
aijes-6965	125	16	can	can	AUX
aijes-6965	125	17	be	be	AUX
aijes-6965	125	18	developed	develop	VERB
aijes-6965	125	19	as	as	ADP
aijes-6965	125	20	a	a	DET
aijes-6965	125	21	specialized	specialized	ADJ
aijes-6965	125	22	instrument	instrument	NOUN
aijes-6965	125	23	for	for	ADP
aijes-6965	125	24	interbank	interbank	NOUN
aijes-6965	125	25	exchange	exchange	NOUN
aijes-6965	125	26	,	,	PUNCT
aijes-6965	125	27	i.e.	i.e.	X
aijes-6965	125	28	a	a	DET
aijes-6965	125	29	wholesale	wholesale	ADJ
aijes-6965	125	30	version	version	NOUN
aijes-6965	125	31	of	of	ADP
aijes-6965	125	32	the	the	DET
aijes-6965	125	33	centralized	centralized	ADJ
aijes-6965	125	34	digital	digital	ADJ
aijes-6965	125	35	currency	currency	NOUN
aijes-6965	125	36	exchange	exchange	NOUN
aijes-6965	125	37	.	.	PUNCT
aijes-6965	126	1	(	(	PUNCT
aijes-6965	126	2	the	the	DET
aijes-6965	126	3	committee	committee	NOUN
aijes-6965	126	4	on	on	ADP
aijes-6965	126	5	payments	payment	NOUN
aijes-6965	126	6	and	and	CCONJ
aijes-6965	126	7	market	market	NOUN
aijes-6965	126	8	infrastructures	infrastructure	NOUN
aijes-6965	126	9	(	(	PUNCT
aijes-6965	126	10	cpmi	cpmi	PROPN
aijes-6965	126	11	)	)	PUNCT
aijes-6965	126	12	,	,	PUNCT
aijes-6965	126	13	2017	2017	NUM
aijes-6965	126	14	)	)	PUNCT
aijes-6965	126	15	.	.	PUNCT
aijes-6965	127	1	the	the	DET
aijes-6965	127	2	evolution	evolution	NOUN
aijes-6965	127	3	of	of	ADP
aijes-6965	127	4	digital	digital	ADJ
aijes-6965	127	5	currencies	currency	NOUN
aijes-6965	127	6	:	:	PUNCT
aijes-6965	127	7	from	from	ADP
aijes-6965	127	8	private	private	ADJ
aijes-6965	127	9	innovation	innovation	NOUN
aijes-6965	127	10	to	to	ADP
aijes-6965	127	11	central	central	ADJ
aijes-6965	127	12	bank	bank	NOUN
aijes-6965	127	13	implementation	implementation	NOUN
aijes-6965	127	14	a	a	DET
aijes-6965	127	15	comprehensive	comprehensive	ADJ
aijes-6965	127	16	analysis	analysis	NOUN
aijes-6965	127	17	of	of	ADP
aijes-6965	127	18	cbdc	cbdc	NOUN
aijes-6965	127	19	development	development	NOUN
aijes-6965	127	20	purpose	purpose	NOUN
aijes-6965	127	21	and	and	CCONJ
aijes-6965	127	22	reasons	reason	NOUN
aijes-6965	127	23	for	for	ADP
aijes-6965	127	24	developing	develop	VERB
aijes-6965	127	25	the	the	DET
aijes-6965	127	26	cbdc	cbdc	NOUN
aijes-6965	127	27	as	as	SCONJ
aijes-6965	127	28	we	we	PRON
aijes-6965	127	29	found	find	VERB
aijes-6965	127	30	out	out	ADP
aijes-6965	127	31	from	from	ADP
aijes-6965	127	32	the	the	DET
aijes-6965	127	33	analysis	analysis	NOUN
aijes-6965	127	34	of	of	ADP
aijes-6965	127	35	definitions	definition	NOUN
aijes-6965	127	36	and	and	CCONJ
aijes-6965	127	37	data	datum	NOUN
aijes-6965	127	38	on	on	ADP
aijes-6965	127	39	the	the	DET
aijes-6965	127	40	cbdc	cbdc	NOUN
aijes-6965	127	41	projects	project	NOUN
aijes-6965	127	42	under	under	ADP
aijes-6965	127	43	development	development	NOUN
aijes-6965	127	44	,	,	PUNCT
aijes-6965	127	45	there	there	PRON
aijes-6965	127	46	is	be	VERB
aijes-6965	127	47	a	a	DET
aijes-6965	127	48	tendency	tendency	NOUN
aijes-6965	127	49	to	to	PART
aijes-6965	127	50	develop	develop	VERB
aijes-6965	127	51	a	a	DET
aijes-6965	127	52	retail	retail	ADJ
aijes-6965	127	53	version	version	NOUN
aijes-6965	127	54	of	of	ADP
aijes-6965	127	55	central	central	ADJ
aijes-6965	127	56	bank	bank	NOUN
aijes-6965	127	57	digital	digital	ADJ
aijes-6965	127	58	currencies	currency	NOUN
aijes-6965	127	59	,	,	PUNCT
aijes-6965	127	60	with	with	ADP
aijes-6965	127	61	a	a	DET
aijes-6965	127	62	significant	significant	ADJ
aijes-6965	127	63	part	part	NOUN
aijes-6965	127	64	of	of	ADP
aijes-6965	127	65	the	the	DET
aijes-6965	127	66	projects	project	NOUN
aijes-6965	127	67	being	be	AUX
aijes-6965	127	68	considered	consider	VERB
aijes-6965	127	69	as	as	ADP
aijes-6965	127	70	a	a	DET
aijes-6965	127	71	digital	digital	ADJ
aijes-6965	127	72	analogue	analogue	NOUN
aijes-6965	127	73	of	of	ADP
aijes-6965	127	74	cash	cash	NOUN
aijes-6965	127	75	.	.	PUNCT
aijes-6965	128	1	from	from	ADP
aijes-6965	128	2	this	this	PRON
aijes-6965	128	3	,	,	PUNCT
aijes-6965	128	4	we	we	PRON
aijes-6965	128	5	can	can	AUX
aijes-6965	128	6	make	make	VERB
aijes-6965	128	7	a	a	DET
aijes-6965	128	8	preliminary	preliminary	ADJ
aijes-6965	128	9	conclusion	conclusion	NOUN
aijes-6965	128	10	that	that	SCONJ
aijes-6965	128	11	some	some	PRON
aijes-6965	128	12	of	of	ADP
aijes-6965	128	13	the	the	DET
aijes-6965	128	14	functions	function	NOUN
aijes-6965	128	15	that	that	PRON
aijes-6965	128	16	the	the	DET
aijes-6965	128	17	digital	digital	ADJ
aijes-6965	128	18	currency	currency	NOUN
aijes-6965	128	19	is	be	AUX
aijes-6965	128	20	planned	plan	VERB
aijes-6965	128	21	to	to	PART
aijes-6965	128	22	implement	implement	VERB
aijes-6965	128	23	are	be	AUX
aijes-6965	128	24	comparable	comparable	ADJ
aijes-6965	128	25	to	to	ADP
aijes-6965	128	26	those	those	PRON
aijes-6965	128	27	of	of	ADP
aijes-6965	128	28	cash	cash	NOUN
aijes-6965	128	29	.	.	PUNCT
aijes-6965	129	1	if	if	SCONJ
aijes-6965	129	2	we	we	PRON
aijes-6965	129	3	talk	talk	VERB
aijes-6965	129	4	about	about	ADP
aijes-6965	129	5	cbdc	cbdc	NOUN
aijes-6965	129	6	projects	project	NOUN
aijes-6965	129	7	for	for	ADP
aijes-6965	129	8	cross	cross	ADJ
aijes-6965	129	9	-	-	ADJ
aijes-6965	129	10	border	border	ADJ
aijes-6965	129	11	payments	payment	NOUN
aijes-6965	129	12	,	,	PUNCT
aijes-6965	129	13	the	the	DET
aijes-6965	129	14	functions	function	NOUN
aijes-6965	129	15	of	of	ADP
aijes-6965	129	16	such	such	ADJ
aijes-6965	129	17	digital	digital	ADJ
aijes-6965	129	18	currencies	currency	NOUN
aijes-6965	129	19	are	be	AUX
aijes-6965	129	20	also	also	ADV
aijes-6965	129	21	partly	partly	ADV
aijes-6965	129	22	known	know	VERB
aijes-6965	129	23	facilitating	facilitate	VERB
aijes-6965	129	24	faster	fast	ADV
aijes-6965	129	25	and	and	CCONJ
aijes-6965	129	26	less	less	ADV
aijes-6965	129	27	expensive	expensive	ADJ
aijes-6965	129	28	international	international	ADJ
aijes-6965	129	29	payments	payment	NOUN
aijes-6965	129	30	.	.	PUNCT
aijes-6965	130	1	the	the	DET
aijes-6965	130	2	report	report	NOUN
aijes-6965	130	3	“	"	PUNCT
aijes-6965	130	4	central	central	ADJ
aijes-6965	130	5	bank	bank	NOUN
aijes-6965	130	6	digital	digital	ADJ
aijes-6965	130	7	currencies	currency	NOUN
aijes-6965	130	8	:	:	PUNCT
aijes-6965	130	9	foundational	foundational	ADJ
aijes-6965	130	10	principles	principle	NOUN
aijes-6965	130	11	and	and	CCONJ
aijes-6965	130	12	core	core	NOUN
aijes-6965	130	13	features	feature	NOUN
aijes-6965	130	14	”	"	PUNCT
aijes-6965	130	15	,	,	PUNCT
aijes-6965	130	16	produced	produce	VERB
aijes-6965	130	17	by	by	ADP
aijes-6965	130	18	the	the	DET
aijes-6965	130	19	bank	bank	NOUN
aijes-6965	130	20	for	for	ADP
aijes-6965	130	21	international	international	ADJ
aijes-6965	130	22	settlements	settlement	NOUN
aijes-6965	130	23	in	in	ADP
aijes-6965	130	24	collaboration	collaboration	NOUN
aijes-6965	130	25	with	with	ADP
aijes-6965	130	26	a	a	DET
aijes-6965	130	27	number	number	NOUN
aijes-6965	130	28	of	of	ADP
aijes-6965	130	29	central	central	ADJ
aijes-6965	130	30	banks	bank	NOUN
aijes-6965	130	31	and	and	CCONJ
aijes-6965	130	32	monetary	monetary	ADJ
aijes-6965	130	33	authorities	authority	NOUN
aijes-6965	130	34	,	,	PUNCT
aijes-6965	130	35	takes	take	VERB
aijes-6965	130	36	a	a	DET
aijes-6965	130	37	closer	close	ADJ
aijes-6965	130	38	look	look	NOUN
aijes-6965	130	39	at	at	ADP
aijes-6965	130	40	the	the	DET
aijes-6965	130	41	motivations	motivation	NOUN
aijes-6965	130	42	of	of	ADP
aijes-6965	130	43	institutions	institution	NOUN
aijes-6965	130	44	exploring	explore	VERB
aijes-6965	130	45	or	or	CCONJ
aijes-6965	130	46	developing	develop	VERB
aijes-6965	130	47	cbdcs	cbdc	NOUN
aijes-6965	130	48	(	(	PUNCT
aijes-6965	130	49	bank	bank	PROPN
aijes-6965	130	50	of	of	ADP
aijes-6965	130	51	canada	canada	PROPN
aijes-6965	130	52	,	,	PUNCT
aijes-6965	130	53	2023	2023	NUM
aijes-6965	130	54	)	)	PUNCT
aijes-6965	130	55	.	.	PUNCT
aijes-6965	131	1	most	most	ADJ
aijes-6965	131	2	of	of	ADP
aijes-6965	131	3	the	the	DET
aijes-6965	131	4	reasons	reason	NOUN
aijes-6965	131	5	are	be	AUX
aijes-6965	131	6	related	relate	VERB
aijes-6965	131	7	to	to	ADP
aijes-6965	131	8	payments	payment	NOUN
aijes-6965	131	9	.	.	PUNCT
aijes-6965	132	1	these	these	PRON
aijes-6965	132	2	include	include	VERB
aijes-6965	132	3	:	:	PUNCT
aijes-6965	132	4	constant	constant	ADJ
aijes-6965	132	5	access	access	NOUN
aijes-6965	132	6	to	to	ADP
aijes-6965	132	7	central	central	ADJ
aijes-6965	132	8	bank	bank	NOUN
aijes-6965	132	9	money	money	NOUN
aijes-6965	132	10	in	in	ADP
aijes-6965	132	11	regions	region	NOUN
aijes-6965	132	12	and	and	CCONJ
aijes-6965	132	13	jurisdictions	jurisdiction	NOUN
aijes-6965	132	14	where	where	SCONJ
aijes-6965	132	15	access	access	NOUN
aijes-6965	132	16	to	to	ADP
aijes-6965	132	17	cash	cash	NOUN
aijes-6965	132	18	is	be	AUX
aijes-6965	132	19	declining	decline	VERB
aijes-6965	132	20	,	,	PUNCT
aijes-6965	132	21	which	which	PRON
aijes-6965	132	22	can	can	AUX
aijes-6965	132	23	be	be	AUX
aijes-6965	132	24	attributed	attribute	VERB
aijes-6965	132	25	to	to	ADP
aijes-6965	132	26	the	the	DET
aijes-6965	132	27	above	above	ADV
aijes-6965	132	28	-	-	PUNCT
aijes-6965	132	29	mentioned	mention	VERB
aijes-6965	132	30	functionality	functionality	NOUN
aijes-6965	132	31	of	of	ADP
aijes-6965	132	32	digital	digital	ADJ
aijes-6965	132	33	currencies	currency	NOUN
aijes-6965	132	34	as	as	ADP
aijes-6965	132	35	a	a	DET
aijes-6965	132	36	banknote	banknote	NOUN
aijes-6965	132	37	substitute	substitute	NOUN
aijes-6965	132	38	;	;	PUNCT
aijes-6965	132	39	increasing	increase	VERB
aijes-6965	132	40	the	the	DET
aijes-6965	132	41	operational	operational	ADJ
aijes-6965	132	42	resilience	resilience	NOUN
aijes-6965	132	43	of	of	ADP
aijes-6965	132	44	the	the	DET
aijes-6965	132	45	financial	financial	ADJ
aijes-6965	132	46	system	system	NOUN
aijes-6965	132	47	in	in	ADP
aijes-6965	132	48	the	the	DET
aijes-6965	132	49	event	event	NOUN
aijes-6965	132	50	of	of	ADP
aijes-6965	132	51	technical	technical	ADJ
aijes-6965	132	52	problems	problem	NOUN
aijes-6965	132	53	with	with	ADP
aijes-6965	132	54	telecommunications	telecommunication	NOUN
aijes-6965	132	55	or	or	CCONJ
aijes-6965	132	56	energy	energy	NOUN
aijes-6965	132	57	,	,	PUNCT
aijes-6965	132	58	which	which	PRON
aijes-6965	132	59	is	be	AUX
aijes-6965	132	60	also	also	ADV
aijes-6965	132	61	one	one	NUM
aijes-6965	132	62	of	of	ADP
aijes-6965	132	63	the	the	DET
aijes-6965	132	64	functions	function	NOUN
aijes-6965	132	65	of	of	ADP
aijes-6965	132	66	cash	cash	NOUN
aijes-6965	132	67	in	in	ADP
aijes-6965	132	68	the	the	DET
aijes-6965	132	69	modern	modern	ADJ
aijes-6965	132	70	economy	economy	NOUN
aijes-6965	132	71	,	,	PUNCT
aijes-6965	132	72	as	as	ADV
aijes-6965	132	73	well	well	ADV
aijes-6965	132	74	as	as	ADP
aijes-6965	132	75	theoretically	theoretically	ADV
aijes-6965	132	76	greater	great	ADJ
aijes-6965	132	77	resistance	resistance	NOUN
aijes-6965	132	78	to	to	ADP
aijes-6965	132	79	cyberattacks	cyberattack	NOUN
aijes-6965	132	80	(	(	PUNCT
aijes-6965	132	81	however	however	ADV
aijes-6965	132	82	,	,	PUNCT
aijes-6965	132	83	the	the	DET
aijes-6965	132	84	authors	author	NOUN
aijes-6965	132	85	attribute	attribute	VERB
aijes-6965	132	86	this	this	PRON
aijes-6965	132	87	only	only	ADV
aijes-6965	132	88	to	to	ADP
aijes-6965	132	89	general	general	ADJ
aijes-6965	132	90	-	-	PUNCT
aijes-6965	132	91	purpose	purpose	NOUN
aijes-6965	132	92	cbdc	cbdc	NOUN
aijes-6965	132	93	systems	system	NOUN
aijes-6965	132	94	)	)	PUNCT
aijes-6965	132	95	;	;	PUNCT
aijes-6965	132	96	increasing	increase	VERB
aijes-6965	132	97	the	the	DET
aijes-6965	132	98	diversity	diversity	NOUN
aijes-6965	132	99	of	of	ADP
aijes-6965	132	100	payment	payment	NOUN
aijes-6965	132	101	systems	system	NOUN
aijes-6965	132	102	,	,	PUNCT
aijes-6965	132	103	which	which	PRON
aijes-6965	132	104	prevents	prevent	VERB
aijes-6965	132	105	their	their	PRON
aijes-6965	132	106	monopolization	monopolization	NOUN
aijes-6965	132	107	and	and	CCONJ
aijes-6965	132	108	fragmentation	fragmentation	NOUN
aijes-6965	132	109	;	;	PUNCT
aijes-6965	132	110	encouraging	encourage	VERB
aijes-6965	132	111	financial	financial	ADJ
aijes-6965	132	112	inclusion	inclusion	NOUN
aijes-6965	132	113	and	and	CCONJ
aijes-6965	132	114	removing	remove	VERB
aijes-6965	132	115	barriers	barrier	NOUN
aijes-6965	132	116	of	of	ADP
aijes-6965	132	117	mistrust	mistrust	NOUN
aijes-6965	132	118	and	and	CCONJ
aijes-6965	132	119	low	low	ADJ
aijes-6965	132	120	financial	financial	ADJ
aijes-6965	132	121	and	and	CCONJ
aijes-6965	132	122	technological	technological	ADJ
aijes-6965	132	123	literacy	literacy	NOUN
aijes-6965	132	124	(	(	PUNCT
aijes-6965	132	125	although	although	SCONJ
aijes-6965	132	126	for	for	SCONJ
aijes-6965	132	127	cbdcs	cbdc	NOUN
aijes-6965	132	128	to	to	PART
aijes-6965	132	129	have	have	VERB
aijes-6965	132	130	an	an	DET
aijes-6965	132	131	effect	effect	NOUN
aijes-6965	132	132	in	in	ADP
aijes-6965	132	133	this	this	DET
aijes-6965	132	134	regard	regard	NOUN
aijes-6965	132	135	,	,	PUNCT
aijes-6965	132	136	they	they	PRON
aijes-6965	132	137	need	need	VERB
aijes-6965	132	138	to	to	PART
aijes-6965	132	139	be	be	AUX
aijes-6965	132	140	included	include	VERB
aijes-6965	132	141	in	in	ADP
aijes-6965	132	142	a	a	DET
aijes-6965	132	143	whole	whole	ADJ
aijes-6965	132	144	array	array	NOUN
aijes-6965	132	145	of	of	ADP
aijes-6965	132	146	reforms	reform	NOUN
aijes-6965	132	147	aimed	aim	VERB
aijes-6965	132	148	at	at	ADP
aijes-6965	132	149	removing	remove	VERB
aijes-6965	132	150	these	these	DET
aijes-6965	132	151	barriers	barrier	NOUN
aijes-6965	132	152	;	;	PUNCT
aijes-6965	132	153	they	they	PRON
aijes-6965	132	154	are	be	AUX
aijes-6965	132	155	unlikely	unlikely	ADJ
aijes-6965	132	156	to	to	PART
aijes-6965	132	157	cope	cope	VERB
aijes-6965	132	158	with	with	ADP
aijes-6965	132	159	this	this	DET
aijes-6965	132	160	task	task	NOUN
aijes-6965	132	161	alone	alone	ADV
aijes-6965	132	162	)	)	PUNCT
aijes-6965	132	163	.	.	PUNCT
aijes-6965	133	1	theoretical	theoretical	ADJ
aijes-6965	133	2	partial	partial	ADJ
aijes-6965	133	3	increase	increase	NOUN
aijes-6965	133	4	in	in	ADP
aijes-6965	133	5	the	the	DET
aijes-6965	133	6	so	so	ADV
aijes-6965	133	7	-	-	PUNCT
aijes-6965	133	8	called	call	VERB
aijes-6965	133	9	public	public	ADJ
aijes-6965	133	10	privacy	privacy	NOUN
aijes-6965	133	11	and	and	CCONJ
aijes-6965	133	12	anonymity	anonymity	NOUN
aijes-6965	133	13	in	in	ADP
aijes-6965	133	14	electronic	electronic	ADJ
aijes-6965	133	15	payments	payment	NOUN
aijes-6965	133	16	;	;	PUNCT
aijes-6965	133	17	the	the	DET
aijes-6965	133	18	above	above	ADV
aijes-6965	133	19	-	-	PUNCT
aijes-6965	133	20	mentioned	mention	VERB
aijes-6965	133	21	improvement	improvement	NOUN
aijes-6965	133	22	in	in	ADP
aijes-6965	133	23	cross	cross	ADJ
aijes-6965	133	24	-	-	ADJ
aijes-6965	133	25	border	border	ADJ
aijes-6965	133	26	payments	payment	NOUN
aijes-6965	133	27	;	;	PUNCT
aijes-6965	133	28	facilitation	facilitation	NOUN
aijes-6965	133	29	of	of	ADP
aijes-6965	133	30	financial	financial	ADJ
aijes-6965	133	31	transfers	transfer	NOUN
aijes-6965	133	32	,	,	PUNCT
aijes-6965	133	33	such	such	ADJ
aijes-6965	133	34	as	as	ADP
aijes-6965	133	35	those	those	PRON
aijes-6965	133	36	carried	carry	VERB
aijes-6965	133	37	out	out	ADP
aijes-6965	133	38	during	during	ADP
aijes-6965	133	39	the	the	DET
aijes-6965	133	40	covid-19	covid-19	PROPN
aijes-6965	133	41	pandemic	pandemic	ADJ
aijes-6965	133	42	,	,	PUNCT
aijes-6965	133	43	i.e.	i.e.	X
aijes-6965	133	44	direct	direct	ADJ
aijes-6965	133	45	transfer	transfer	NOUN
aijes-6965	133	46	of	of	ADP
aijes-6965	133	47	money	money	NOUN
aijes-6965	133	48	to	to	ADP
aijes-6965	133	49	citizens	citizen	NOUN
aijes-6965	133	50	and	and	CCONJ
aijes-6965	133	51	businesses	business	NOUN
aijes-6965	133	52	(	(	PUNCT
aijes-6965	133	53	however	however	ADV
aijes-6965	133	54	,	,	PUNCT
aijes-6965	133	55	either	either	CCONJ
aijes-6965	133	56	the	the	DET
aijes-6965	133	57	advantage	advantage	NOUN
aijes-6965	133	58	over	over	ADP
aijes-6965	133	59	the	the	DET
aijes-6965	133	60	usual	usual	ADJ
aijes-6965	133	61	transfer	transfer	NOUN
aijes-6965	133	62	to	to	ADP
aijes-6965	133	63	accounts	account	NOUN
aijes-6965	133	64	will	will	AUX
aijes-6965	133	65	not	not	PART
aijes-6965	133	66	be	be	AUX
aijes-6965	133	67	so	so	ADV
aijes-6965	133	68	great	great	ADJ
aijes-6965	133	69	,	,	PUNCT
aijes-6965	133	70	or	or	CCONJ
aijes-6965	133	71	,	,	PUNCT
aijes-6965	133	72	on	on	ADP
aijes-6965	133	73	the	the	DET
aijes-6965	133	74	contrary	contrary	NOUN
aijes-6965	133	75	,	,	PUNCT
aijes-6965	133	76	so	so	ADV
aijes-6965	133	77	great	great	ADJ
aijes-6965	133	78	that	that	SCONJ
aijes-6965	133	79	the	the	DET
aijes-6965	133	80	line	line	NOUN
aijes-6965	133	81	between	between	ADP
aijes-6965	133	82	fiscal	fiscal	ADJ
aijes-6965	133	83	and	and	CCONJ
aijes-6965	133	84	monetary	monetary	ADJ
aijes-6965	133	85	policies	policy	NOUN
aijes-6965	133	86	and	and	CCONJ
aijes-6965	133	87	the	the	DET
aijes-6965	133	88	independence	independence	NOUN
aijes-6965	133	89	of	of	ADP
aijes-6965	133	90	the	the	DET
aijes-6965	133	91	latter	latter	ADJ
aijes-6965	133	92	will	will	AUX
aijes-6965	133	93	be	be	AUX
aijes-6965	133	94	erased	erase	VERB
aijes-6965	133	95	to	to	ADP
aijes-6965	133	96	some	some	DET
aijes-6965	133	97	extent	extent	NOUN
aijes-6965	133	98	)	)	PUNCT
aijes-6965	133	99	.	.	PUNCT
aijes-6965	134	1	the	the	DET
aijes-6965	134	2	document	document	NOUN
aijes-6965	134	3	also	also	ADV
aijes-6965	134	4	mentions	mention	VERB
aijes-6965	134	5	the	the	DET
aijes-6965	134	6	theoretical	theoretical	ADJ
aijes-6965	134	7	possibility	possibility	NOUN
aijes-6965	134	8	of	of	ADP
aijes-6965	134	9	creating	create	VERB
aijes-6965	134	10	a	a	DET
aijes-6965	134	11	cbdc	cbdc	NOUN
aijes-6965	134	12	with	with	ADP
aijes-6965	134	13	an	an	DET
aijes-6965	134	14	interest	interest	NOUN
aijes-6965	134	15	rate	rate	NOUN
aijes-6965	134	16	,	,	PUNCT
aijes-6965	134	17	which	which	PRON
aijes-6965	134	18	would	would	AUX
aijes-6965	134	19	allow	allow	VERB
aijes-6965	134	20	changes	change	NOUN
aijes-6965	134	21	in	in	ADP
aijes-6965	134	22	interest	interest	NOUN
aijes-6965	134	23	rates	rate	NOUN
aijes-6965	134	24	to	to	PART
aijes-6965	134	25	be	be	AUX
aijes-6965	134	26	transmitted	transmit	VERB
aijes-6965	134	27	directly	directly	ADV
aijes-6965	134	28	to	to	ADP
aijes-6965	134	29	holders	holder	NOUN
aijes-6965	134	30	of	of	ADP
aijes-6965	134	31	the	the	DET
aijes-6965	134	32	digital	digital	ADJ
aijes-6965	134	33	currency	currency	NOUN
aijes-6965	134	34	,	,	PUNCT
aijes-6965	134	35	but	but	CCONJ
aijes-6965	134	36	this	this	PRON
aijes-6965	134	37	would	would	AUX
aijes-6965	134	38	greatly	greatly	ADV
aijes-6965	134	39	change	change	VERB
aijes-6965	134	40	the	the	DET
aijes-6965	134	41	transmission	transmission	NOUN
aijes-6965	134	42	mechanism	mechanism	NOUN
aijes-6965	134	43	and	and	CCONJ
aijes-6965	134	44	increase	increase	VERB
aijes-6965	134	45	the	the	DET
aijes-6965	134	46	risks	risk	NOUN
aijes-6965	134	47	of	of	ADP
aijes-6965	134	48	destabilization	destabilization	NOUN
aijes-6965	134	49	of	of	ADP
aijes-6965	134	50	the	the	DET
aijes-6965	134	51	financial	financial	ADJ
aijes-6965	134	52	system	system	NOUN
aijes-6965	134	53	,	,	PUNCT
aijes-6965	134	54	so	so	SCONJ
aijes-6965	134	55	the	the	DET
aijes-6965	134	56	authors	author	NOUN
aijes-6965	134	57	of	of	ADP
aijes-6965	134	58	the	the	DET
aijes-6965	134	59	report	report	NOUN
aijes-6965	134	60	note	note	VERB
aijes-6965	134	61	that	that	SCONJ
aijes-6965	134	62	this	this	DET
aijes-6965	134	63	possibility	possibility	NOUN
aijes-6965	134	64	is	be	AUX
aijes-6965	134	65	not	not	PART
aijes-6965	134	66	the	the	DET
aijes-6965	134	67	main	main	ADJ
aijes-6965	134	68	motivation	motivation	NOUN
aijes-6965	134	69	of	of	ADP
aijes-6965	134	70	central	central	ADJ
aijes-6965	134	71	banks	bank	NOUN
aijes-6965	134	72	and	and	CCONJ
aijes-6965	134	73	the	the	DET
aijes-6965	134	74	main	main	ADJ
aijes-6965	134	75	option	option	NOUN
aijes-6965	134	76	for	for	ADP
aijes-6965	134	77	implementing	implement	VERB
aijes-6965	134	78	a	a	DET
aijes-6965	134	79	cbdc	cbdc	NOUN
aijes-6965	134	80	.	.	PUNCT
aijes-6965	135	1	there	there	PRON
aijes-6965	135	2	is	be	VERB
aijes-6965	135	3	some	some	DET
aijes-6965	135	4	uncertainty	uncertainty	NOUN
aijes-6965	135	5	about	about	ADP
aijes-6965	135	6	the	the	DET
aijes-6965	135	7	motives	motive	NOUN
aijes-6965	135	8	of	of	ADP
aijes-6965	135	9	the	the	DET
aijes-6965	135	10	people	people	NOUN
aijes-6965	135	11	's	's	PART
aijes-6965	135	12	bank	bank	PROPN
aijes-6965	135	13	of	of	ADP
aijes-6965	135	14	china	china	PROPN
aijes-6965	135	15	.	.	PUNCT
aijes-6965	136	1	the	the	DET
aijes-6965	136	2	report	report	NOUN
aijes-6965	136	3	“	"	PUNCT
aijes-6965	136	4	progress	progress	NOUN
aijes-6965	136	5	of	of	ADP
aijes-6965	136	6	research	research	NOUN
aijes-6965	136	7	&	&	CCONJ
aijes-6965	136	8	development	development	NOUN
aijes-6965	136	9	of	of	ADP
aijes-6965	136	10	e	e	NOUN
aijes-6965	136	11	-	-	NOUN
aijes-6965	136	12	cny	cny	NOUN
aijes-6965	136	13	in	in	ADP
aijes-6965	136	14	china	china	PROPN
aijes-6965	136	15	”	"	PUNCT
aijes-6965	136	16	prepared	prepare	VERB
aijes-6965	136	17	by	by	ADP
aijes-6965	136	18	the	the	DET
aijes-6965	136	19	working	working	NOUN
aijes-6965	136	20	group	group	NOUN
aijes-6965	136	21	on	on	ADP
aijes-6965	136	22	e	e	PROPN
aijes-6965	136	23	-	-	NOUN
aijes-6965	136	24	cny	cny	ADJ
aijes-6965	136	25	research	research	NOUN
aijes-6965	136	26	and	and	CCONJ
aijes-6965	136	27	development	development	NOUN
aijes-6965	136	28	of	of	ADP
aijes-6965	136	29	the	the	DET
aijes-6965	136	30	people	people	NOUN
aijes-6965	136	31	's	's	PART
aijes-6965	136	32	bank	bank	PROPN
aijes-6965	136	33	of	of	ADP
aijes-6965	136	34	china	china	PROPN
aijes-6965	136	35	,	,	PUNCT
aijes-6965	136	36	progress	progress	NOUN
aijes-6965	136	37	of	of	ADP
aijes-6965	136	38	research	research	NOUN
aijes-6965	136	39	&	&	CCONJ
aijes-6965	136	40	development	development	NOUN
aijes-6965	136	41	of	of	ADP
aijes-6965	136	42	e	e	NOUN
aijes-6965	136	43	-	-	NOUN
aijes-6965	136	44	cny	cny	NOUN
aijes-6965	136	45	in	in	ADP
aijes-6965	136	46	china	china	PROPN
aijes-6965	136	47	.	.	PUNCT
aijes-6965	137	1	people	people	NOUN
aijes-6965	137	2	's	's	PART
aijes-6965	137	3	bank	bank	PROPN
aijes-6965	137	4	of	of	ADP
aijes-6965	137	5	china	china	PROPN
aijes-6965	137	6	,	,	PUNCT
aijes-6965	137	7	2021	2021	NUM
aijes-6965	137	8	,	,	PUNCT
aijes-6965	137	9	explicitly	explicitly	ADV
aijes-6965	137	10	states	state	VERB
aijes-6965	137	11	that	that	SCONJ
aijes-6965	137	12	the	the	DET
aijes-6965	137	13	internationalization	internationalization	NOUN
aijes-6965	137	14	of	of	ADP
aijes-6965	137	15	a	a	DET
aijes-6965	137	16	particular	particular	ADJ
aijes-6965	137	17	currency	currency	NOUN
aijes-6965	137	18	is	be	AUX
aijes-6965	137	19	a	a	DET
aijes-6965	137	20	consequence	consequence	NOUN
aijes-6965	137	21	of	of	ADP
aijes-6965	137	22	market	market	NOUN
aijes-6965	137	23	competition	competition	NOUN
aijes-6965	137	24	,	,	PUNCT
aijes-6965	137	25	depth	depth	NOUN
aijes-6965	137	26	and	and	CCONJ
aijes-6965	137	27	openness	openness	NOUN
aijes-6965	137	28	of	of	ADP
aijes-6965	137	29	the	the	DET
aijes-6965	137	30	financial	financial	ADJ
aijes-6965	137	31	markets	market	NOUN
aijes-6965	137	32	of	of	ADP
aijes-6965	137	33	the	the	DET
aijes-6965	137	34	issuing	issue	VERB
aijes-6965	137	35	country	country	NOUN
aijes-6965	137	36	.	.	PUNCT
aijes-6965	138	1	therefore	therefore	ADV
aijes-6965	138	2	,	,	PUNCT
aijes-6965	138	3	as	as	SCONJ
aijes-6965	138	4	stated	state	VERB
aijes-6965	138	5	in	in	ADP
aijes-6965	138	6	the	the	DET
aijes-6965	138	7	report	report	NOUN
aijes-6965	138	8	,	,	PUNCT
aijes-6965	138	9	despite	despite	SCONJ
aijes-6965	138	10	the	the	DET
aijes-6965	138	11	technical	technical	ADJ
aijes-6965	138	12	readiness	readiness	NOUN
aijes-6965	138	13	to	to	PART
aijes-6965	138	14	use	use	VERB
aijes-6965	138	15	the	the	DET
aijes-6965	138	16	digital	digital	PROPN
aijes-6965	138	17	yuan	yuan	PROPN
aijes-6965	138	18	,	,	PUNCT
aijes-6965	138	19	including	include	VERB
aijes-6965	138	20	for	for	ADP
aijes-6965	138	21	cross	cross	ADJ
aijes-6965	138	22	-	-	ADJ
aijes-6965	138	23	border	border	ADJ
aijes-6965	138	24	payments	payment	NOUN
aijes-6965	138	25	,	,	PUNCT
aijes-6965	138	26	it	it	PRON
aijes-6965	138	27	ali	ali	VERB
aijes-6965	138	28	yusifov	yusifov	PROPN
aijes-6965	138	29	is	be	AUX
aijes-6965	138	30	currently	currently	ADV
aijes-6965	138	31	focused	focus	VERB
aijes-6965	138	32	only	only	ADV
aijes-6965	138	33	on	on	ADP
aijes-6965	138	34	servicing	servicing	NOUN
aijes-6965	138	35	payments	payment	NOUN
aijes-6965	138	36	within	within	ADP
aijes-6965	138	37	the	the	DET
aijes-6965	138	38	country	country	NOUN
aijes-6965	138	39	.	.	PUNCT
aijes-6965	139	1	at	at	ADP
aijes-6965	139	2	the	the	DET
aijes-6965	139	3	same	same	ADJ
aijes-6965	139	4	time	time	NOUN
aijes-6965	139	5	,	,	PUNCT
aijes-6965	139	6	researchers	researcher	NOUN
aijes-6965	139	7	d.k	d.k	PROPN
aijes-6965	139	8	.	.	PROPN
aijes-6965	139	9	lee	lee	PROPN
aijes-6965	139	10	,	,	PUNCT
aijes-6965	139	11	l.	l.	PROPN
aijes-6965	139	12	yang	yang	PROPN
aijes-6965	139	13	and	and	CCONJ
aijes-6965	139	14	w.	w.	PROPN
aijes-6965	139	15	wong	wong	PROPN
aijes-6965	139	16	point	point	VERB
aijes-6965	139	17	out	out	ADP
aijes-6965	139	18	that	that	SCONJ
aijes-6965	139	19	one	one	NUM
aijes-6965	139	20	of	of	ADP
aijes-6965	139	21	the	the	DET
aijes-6965	139	22	reasons	reason	NOUN
aijes-6965	139	23	for	for	ADP
aijes-6965	139	24	the	the	DET
aijes-6965	139	25	introduction	introduction	NOUN
aijes-6965	139	26	of	of	ADP
aijes-6965	139	27	the	the	DET
aijes-6965	139	28	digital	digital	PROPN
aijes-6965	139	29	yuan	yuan	NOUN
aijes-6965	139	30	may	may	AUX
aijes-6965	139	31	still	still	ADV
aijes-6965	139	32	be	be	AUX
aijes-6965	139	33	to	to	PART
aijes-6965	139	34	“	"	PUNCT
aijes-6965	139	35	counteract	counteract	VERB
aijes-6965	139	36	the	the	DET
aijes-6965	139	37	hegemony	hegemony	NOUN
aijes-6965	139	38	of	of	ADP
aijes-6965	139	39	the	the	DET
aijes-6965	139	40	dollar	dollar	NOUN
aijes-6965	139	41	,	,	PUNCT
aijes-6965	139	42	”	"	PUNCT
aijes-6965	139	43	which	which	PRON
aijes-6965	139	44	is	be	AUX
aijes-6965	139	45	difficult	difficult	ADJ
aijes-6965	139	46	to	to	PART
aijes-6965	139	47	imagine	imagine	VERB
aijes-6965	139	48	without	without	ADP
aijes-6965	139	49	the	the	DET
aijes-6965	139	50	processes	process	NOUN
aijes-6965	139	51	of	of	ADP
aijes-6965	139	52	internationalization	internationalization	NOUN
aijes-6965	139	53	of	of	ADP
aijes-6965	139	54	the	the	DET
aijes-6965	139	55	national	national	ADJ
aijes-6965	139	56	currency	currency	NOUN
aijes-6965	139	57	,	,	PUNCT
aijes-6965	139	58	at	at	ADP
aijes-6965	139	59	least	least	ADJ
aijes-6965	139	60	at	at	ADP
aijes-6965	139	61	the	the	DET
aijes-6965	139	62	regional	regional	ADJ
aijes-6965	139	63	level	level	NOUN
aijes-6965	139	64	.	.	PUNCT
aijes-6965	140	1	another	another	DET
aijes-6965	140	2	motive	motive	NOUN
aijes-6965	140	3	that	that	PRON
aijes-6965	140	4	periodically	periodically	ADV
aijes-6965	140	5	appears	appear	VERB
aijes-6965	140	6	in	in	ADP
aijes-6965	140	7	publications	publication	NOUN
aijes-6965	140	8	is	be	AUX
aijes-6965	140	9	what	what	PRON
aijes-6965	140	10	researchers	researcher	NOUN
aijes-6965	140	11	,	,	PUNCT
aijes-6965	140	12	both	both	CCONJ
aijes-6965	140	13	the	the	DET
aijes-6965	140	14	authors	author	NOUN
aijes-6965	140	15	of	of	ADP
aijes-6965	140	16	the	the	DET
aijes-6965	140	17	bis	bis	ADJ
aijes-6965	140	18	report	report	NOUN
aijes-6965	140	19	in	in	ADP
aijes-6965	140	20	collaboration	collaboration	NOUN
aijes-6965	140	21	with	with	ADP
aijes-6965	140	22	central	central	ADJ
aijes-6965	140	23	banks	bank	NOUN
aijes-6965	140	24	(	(	PUNCT
aijes-6965	140	25	international	international	ADJ
aijes-6965	140	26	monetary	monetary	ADJ
aijes-6965	140	27	fund	fund	NOUN
aijes-6965	140	28	,	,	PUNCT
aijes-6965	140	29	2016	2016	NUM
aijes-6965	140	30	)	)	PUNCT
aijes-6965	140	31	.	.	PUNCT
aijes-6965	141	1	and	and	CCONJ
aijes-6965	141	2	lee	lee	PROPN
aijes-6965	141	3	,	,	PUNCT
aijes-6965	141	4	yang	yang	PROPN
aijes-6965	141	5	and	and	CCONJ
aijes-6965	141	6	wong	wong	PROPN
aijes-6965	141	7	,	,	PUNCT
aijes-6965	141	8	call	call	VERB
aijes-6965	141	9	“	"	PUNCT
aijes-6965	141	10	asserting	assert	VERB
aijes-6965	141	11	monetary	monetary	ADJ
aijes-6965	141	12	sovereignty	sovereignty	NOUN
aijes-6965	141	13	”	"	PUNCT
aijes-6965	141	14	(	(	PUNCT
aijes-6965	141	15	although	although	SCONJ
aijes-6965	141	16	the	the	DET
aijes-6965	141	17	latter	latter	ADJ
aijes-6965	141	18	mention	mention	VERB
aijes-6965	141	19	it	it	PRON
aijes-6965	141	20	in	in	ADP
aijes-6965	141	21	the	the	DET
aijes-6965	141	22	context	context	NOUN
aijes-6965	141	23	that	that	SCONJ
aijes-6965	141	24	this	this	DET
aijes-6965	141	25	issue	issue	NOUN
aijes-6965	141	26	is	be	AUX
aijes-6965	141	27	of	of	ADP
aijes-6965	141	28	greater	great	ADJ
aijes-6965	141	29	concern	concern	NOUN
aijes-6965	141	30	to	to	ADP
aijes-6965	141	31	the	the	DET
aijes-6965	141	32	authorities	authority	NOUN
aijes-6965	141	33	of	of	ADP
aijes-6965	141	34	the	the	DET
aijes-6965	141	35	g7	g7	PROPN
aijes-6965	141	36	countries	country	NOUN
aijes-6965	141	37	than	than	ADP
aijes-6965	141	38	to	to	ADP
aijes-6965	141	39	the	the	DET
aijes-6965	141	40	chinese	chinese	ADJ
aijes-6965	141	41	regulator	regulator	NOUN
aijes-6965	141	42	)	)	PUNCT
aijes-6965	141	43	.	.	PUNCT
aijes-6965	142	1	this	this	PRON
aijes-6965	142	2	is	be	AUX
aijes-6965	142	3	understood	understand	VERB
aijes-6965	142	4	as	as	ADP
aijes-6965	142	5	competition	competition	NOUN
aijes-6965	142	6	from	from	ADP
aijes-6965	142	7	private	private	ADJ
aijes-6965	142	8	digital	digital	ADJ
aijes-6965	142	9	currencies	currency	NOUN
aijes-6965	142	10	.	.	PUNCT
aijes-6965	143	1	(	(	PUNCT
aijes-6965	143	2	g7	g7	PROPN
aijes-6965	143	3	working	working	PROPN
aijes-6965	143	4	group	group	NOUN
aijes-6965	143	5	,	,	PUNCT
aijes-6965	143	6	2021	2021	NUM
aijes-6965	143	7	)	)	PUNCT
aijes-6965	143	8	.	.	PUNCT
aijes-6965	144	1	when	when	SCONJ
aijes-6965	144	2	assessing	assess	VERB
aijes-6965	144	3	the	the	DET
aijes-6965	144	4	prospects	prospect	NOUN
aijes-6965	144	5	for	for	ADP
aijes-6965	144	6	the	the	DET
aijes-6965	144	7	success	success	NOUN
aijes-6965	144	8	of	of	ADP
aijes-6965	144	9	cbdcs	cbdc	NOUN
aijes-6965	144	10	in	in	ADP
aijes-6965	144	11	competition	competition	NOUN
aijes-6965	144	12	with	with	ADP
aijes-6965	144	13	private	private	ADJ
aijes-6965	144	14	digital	digital	ADJ
aijes-6965	144	15	currencies	currency	NOUN
aijes-6965	144	16	,	,	PUNCT
aijes-6965	144	17	one	one	PRON
aijes-6965	144	18	should	should	AUX
aijes-6965	144	19	be	be	AUX
aijes-6965	144	20	cautious	cautious	ADJ
aijes-6965	144	21	.	.	PUNCT
aijes-6965	145	1	it	it	PRON
aijes-6965	145	2	is	be	AUX
aijes-6965	145	3	highly	highly	ADV
aijes-6965	145	4	likely	likely	ADJ
aijes-6965	145	5	that	that	SCONJ
aijes-6965	145	6	the	the	DET
aijes-6965	145	7	reasons	reason	NOUN
aijes-6965	145	8	why	why	SCONJ
aijes-6965	145	9	different	different	ADJ
aijes-6965	145	10	people	people	NOUN
aijes-6965	145	11	and	and	CCONJ
aijes-6965	145	12	organizations	organization	NOUN
aijes-6965	145	13	prefer	prefer	VERB
aijes-6965	145	14	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	145	15	to	to	ADP
aijes-6965	145	16	fiat	fiat	ADJ
aijes-6965	145	17	money	money	NOUN
aijes-6965	145	18	lie	lie	VERB
aijes-6965	145	19	outside	outside	ADP
aijes-6965	145	20	the	the	DET
aijes-6965	145	21	functionality	functionality	NOUN
aijes-6965	145	22	—	—	PUNCT
aijes-6965	145	23	or	or	CCONJ
aijes-6965	145	24	,	,	PUNCT
aijes-6965	145	25	at	at	ADP
aijes-6965	145	26	least	least	ADJ
aijes-6965	145	27	,	,	PUNCT
aijes-6965	145	28	the	the	DET
aijes-6965	145	29	implemented	implement	VERB
aijes-6965	145	30	functionality	functionality	NOUN
aijes-6965	145	31	—	—	PUNCT
aijes-6965	145	32	of	of	ADP
aijes-6965	145	33	central	central	ADJ
aijes-6965	145	34	bank	bank	NOUN
aijes-6965	145	35	digital	digital	ADJ
aijes-6965	145	36	currencies	currency	NOUN
aijes-6965	145	37	.	.	PUNCT
aijes-6965	146	1	one	one	NUM
aijes-6965	146	2	of	of	ADP
aijes-6965	146	3	the	the	DET
aijes-6965	146	4	reasons	reason	NOUN
aijes-6965	146	5	for	for	ADP
aijes-6965	146	6	turning	turn	VERB
aijes-6965	146	7	to	to	ADP
aijes-6965	146	8	them	they	PRON
aijes-6965	146	9	is	be	AUX
aijes-6965	146	10	high	high	ADJ
aijes-6965	146	11	,	,	PUNCT
aijes-6965	146	12	albeit	albeit	SCONJ
aijes-6965	146	13	not	not	PART
aijes-6965	146	14	absolute	absolute	ADJ
aijes-6965	146	15	,	,	PUNCT
aijes-6965	146	16	anonymity	anonymity	NOUN
aijes-6965	146	17	and	and	CCONJ
aijes-6965	146	18	non	non	ADJ
aijes-6965	146	19	-	-	ADJ
aijes-6965	146	20	accountability	accountability	NOUN
aijes-6965	146	21	to	to	ADP
aijes-6965	146	22	government	government	NOUN
aijes-6965	146	23	institutions	institution	NOUN
aijes-6965	146	24	.	.	PUNCT
aijes-6965	147	1	despite	despite	SCONJ
aijes-6965	147	2	the	the	DET
aijes-6965	147	3	motive	motive	NOUN
aijes-6965	147	4	for	for	ADP
aijes-6965	147	5	partially	partially	ADV
aijes-6965	147	6	increasing	increase	VERB
aijes-6965	147	7	the	the	DET
aijes-6965	147	8	anonymity	anonymity	NOUN
aijes-6965	147	9	of	of	ADP
aijes-6965	147	10	payments	payment	NOUN
aijes-6965	147	11	indicated	indicate	VERB
aijes-6965	147	12	above	above	ADV
aijes-6965	147	13	in	in	ADP
aijes-6965	147	14	the	the	DET
aijes-6965	147	15	bis	bis	ADJ
aijes-6965	147	16	report	report	NOUN
aijes-6965	147	17	,	,	PUNCT
aijes-6965	147	18	the	the	DET
aijes-6965	147	19	same	same	ADJ
aijes-6965	147	20	report	report	NOUN
aijes-6965	147	21	notes	note	VERB
aijes-6965	147	22	that	that	SCONJ
aijes-6965	147	23	central	central	ADJ
aijes-6965	147	24	banks	bank	NOUN
aijes-6965	147	25	will	will	AUX
aijes-6965	147	26	most	most	ADV
aijes-6965	147	27	likely	likely	ADV
aijes-6965	147	28	be	be	AUX
aijes-6965	147	29	forced	force	VERB
aijes-6965	147	30	to	to	PART
aijes-6965	147	31	take	take	VERB
aijes-6965	147	32	into	into	ADP
aijes-6965	147	33	account	account	NOUN
aijes-6965	147	34	both	both	DET
aijes-6965	147	35	anti	anti	ADJ
aijes-6965	147	36	-	-	ADJ
aijes-6965	147	37	money	money	ADJ
aijes-6965	147	38	laundering	laundering	NOUN
aijes-6965	147	39	and	and	CCONJ
aijes-6965	147	40	combating	combat	VERB
aijes-6965	147	41	the	the	DET
aijes-6965	147	42	financing	financing	NOUN
aijes-6965	147	43	of	of	ADP
aijes-6965	147	44	terrorism	terrorism	NOUN
aijes-6965	147	45	(	(	PUNCT
aijes-6965	147	46	aml	aml	PROPN
aijes-6965	147	47	/	/	SYM
aijes-6965	147	48	cft	cft	PROPN
aijes-6965	147	49	)	)	PUNCT
aijes-6965	147	50	requirements	requirement	NOUN
aijes-6965	147	51	and	and	CCONJ
aijes-6965	147	52	specific	specific	ADJ
aijes-6965	147	53	supervisory	supervisory	ADJ
aijes-6965	147	54	requirements	requirement	NOUN
aijes-6965	147	55	of	of	ADP
aijes-6965	147	56	their	their	PRON
aijes-6965	147	57	country	country	NOUN
aijes-6965	147	58	's	's	PART
aijes-6965	147	59	legislation	legislation	NOUN
aijes-6965	147	60	when	when	SCONJ
aijes-6965	147	61	developing	develop	VERB
aijes-6965	147	62	the	the	DET
aijes-6965	147	63	architecture	architecture	NOUN
aijes-6965	147	64	of	of	ADP
aijes-6965	147	65	a	a	DET
aijes-6965	147	66	digital	digital	ADJ
aijes-6965	147	67	currency	currency	NOUN
aijes-6965	147	68	.	.	PUNCT
aijes-6965	148	1	people	people	NOUN
aijes-6965	148	2	and	and	CCONJ
aijes-6965	148	3	organizations	organization	NOUN
aijes-6965	148	4	that	that	PRON
aijes-6965	148	5	turn	turn	VERB
aijes-6965	148	6	to	to	ADP
aijes-6965	148	7	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	148	8	are	be	AUX
aijes-6965	148	9	not	not	PART
aijes-6965	148	10	necessarily	necessarily	ADV
aijes-6965	148	11	engaged	engage	VERB
aijes-6965	148	12	in	in	ADP
aijes-6965	148	13	money	money	NOUN
aijes-6965	148	14	laundering	laundering	NOUN
aijes-6965	148	15	or	or	CCONJ
aijes-6965	148	16	terrorist	terrorist	NOUN
aijes-6965	148	17	financing	financing	NOUN
aijes-6965	148	18	,	,	PUNCT
aijes-6965	148	19	but	but	CCONJ
aijes-6965	148	20	may	may	AUX
aijes-6965	148	21	be	be	AUX
aijes-6965	148	22	motivated	motivate	VERB
aijes-6965	148	23	by	by	ADP
aijes-6965	148	24	a	a	DET
aijes-6965	148	25	lack	lack	NOUN
aijes-6965	148	26	of	of	ADP
aijes-6965	148	27	trust	trust	NOUN
aijes-6965	148	28	in	in	ADP
aijes-6965	148	29	their	their	PRON
aijes-6965	148	30	own	own	ADJ
aijes-6965	148	31	state	state	NOUN
aijes-6965	148	32	or	or	CCONJ
aijes-6965	148	33	monetary	monetary	ADJ
aijes-6965	148	34	authorities	authority	NOUN
aijes-6965	148	35	,	,	PUNCT
aijes-6965	148	36	or	or	CCONJ
aijes-6965	148	37	in	in	ADP
aijes-6965	148	38	states	state	NOUN
aijes-6965	148	39	and	and	CCONJ
aijes-6965	148	40	regulators	regulator	NOUN
aijes-6965	148	41	as	as	ADP
aijes-6965	148	42	an	an	DET
aijes-6965	148	43	institution	institution	NOUN
aijes-6965	148	44	.	.	PUNCT
aijes-6965	149	1	for	for	ADP
aijes-6965	149	2	such	such	ADJ
aijes-6965	149	3	economic	economic	ADJ
aijes-6965	149	4	agents	agent	NOUN
aijes-6965	149	5	,	,	PUNCT
aijes-6965	149	6	a	a	DET
aijes-6965	149	7	cbdc	cbdc	NOUN
aijes-6965	149	8	will	will	AUX
aijes-6965	149	9	not	not	PART
aijes-6965	149	10	have	have	VERB
aijes-6965	149	11	sufficient	sufficient	ADJ
aijes-6965	149	12	competitive	competitive	ADJ
aijes-6965	149	13	advantages	advantage	NOUN
aijes-6965	149	14	over	over	ADP
aijes-6965	149	15	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	149	16	.	.	PUNCT
aijes-6965	150	1	another	another	DET
aijes-6965	150	2	common	common	ADJ
aijes-6965	150	3	reason	reason	NOUN
aijes-6965	150	4	for	for	ADP
aijes-6965	150	5	turning	turn	VERB
aijes-6965	150	6	to	to	ADP
aijes-6965	150	7	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	150	8	is	be	AUX
aijes-6965	150	9	speculative	speculative	ADJ
aijes-6965	150	10	or	or	CCONJ
aijes-6965	150	11	investment	investment	NOUN
aijes-6965	150	12	interest	interest	NOUN
aijes-6965	150	13	.	.	PUNCT
aijes-6965	151	1	in	in	ADP
aijes-6965	151	2	this	this	DET
aijes-6965	151	3	capacity	capacity	NOUN
aijes-6965	151	4	,	,	PUNCT
aijes-6965	151	5	an	an	DET
aijes-6965	151	6	interest	interest	NOUN
aijes-6965	151	7	-	-	PUNCT
aijes-6965	151	8	free	free	ADJ
aijes-6965	151	9	digital	digital	ADJ
aijes-6965	151	10	currency	currency	NOUN
aijes-6965	151	11	can	can	AUX
aijes-6965	151	12	be	be	AUX
aijes-6965	151	13	considered	consider	VERB
aijes-6965	151	14	a	a	DET
aijes-6965	151	15	profitable	profitable	ADJ
aijes-6965	151	16	investment	investment	NOUN
aijes-6965	151	17	to	to	ADP
aijes-6965	151	18	the	the	DET
aijes-6965	151	19	extent	extent	NOUN
aijes-6965	151	20	that	that	SCONJ
aijes-6965	151	21	the	the	DET
aijes-6965	151	22	national	national	ADJ
aijes-6965	151	23	currency	currency	NOUN
aijes-6965	151	24	as	as	ADP
aijes-6965	151	25	a	a	DET
aijes-6965	151	26	whole	whole	NOUN
aijes-6965	151	27	is	be	AUX
aijes-6965	151	28	considered	consider	VERB
aijes-6965	151	29	to	to	PART
aijes-6965	151	30	be	be	AUX
aijes-6965	151	31	such	such	ADJ
aijes-6965	151	32	(	(	PUNCT
aijes-6965	151	33	although	although	SCONJ
aijes-6965	151	34	much	much	ADJ
aijes-6965	151	35	will	will	AUX
aijes-6965	151	36	depend	depend	VERB
aijes-6965	151	37	on	on	ADP
aijes-6965	151	38	the	the	DET
aijes-6965	151	39	specific	specific	ADJ
aijes-6965	151	40	scheme	scheme	NOUN
aijes-6965	151	41	of	of	ADP
aijes-6965	151	42	implementation	implementation	NOUN
aijes-6965	151	43	and	and	CCONJ
aijes-6965	151	44	circulation	circulation	NOUN
aijes-6965	151	45	of	of	ADP
aijes-6965	151	46	the	the	DET
aijes-6965	151	47	digital	digital	ADJ
aijes-6965	151	48	currency	currency	NOUN
aijes-6965	151	49	:	:	PUNCT
aijes-6965	151	50	dependence	dependence	NOUN
aijes-6965	151	51	on	on	ADP
aijes-6965	151	52	the	the	DET
aijes-6965	151	53	infrastructure	infrastructure	NOUN
aijes-6965	151	54	of	of	ADP
aijes-6965	151	55	commercial	commercial	ADJ
aijes-6965	151	56	banks	bank	NOUN
aijes-6965	151	57	,	,	PUNCT
aijes-6965	151	58	the	the	DET
aijes-6965	151	59	presence	presence	NOUN
aijes-6965	151	60	or	or	CCONJ
aijes-6965	151	61	absence	absence	NOUN
aijes-6965	151	62	of	of	ADP
aijes-6965	151	63	mechanisms	mechanism	NOUN
aijes-6965	151	64	for	for	ADP
aijes-6965	151	65	competition	competition	NOUN
aijes-6965	151	66	with	with	ADP
aijes-6965	151	67	the	the	DET
aijes-6965	151	68	interest	interest	NOUN
aijes-6965	151	69	income	income	NOUN
aijes-6965	151	70	of	of	ADP
aijes-6965	151	71	non	non	ADJ
aijes-6965	151	72	-	-	ADJ
aijes-6965	151	73	cash	cash	ADJ
aijes-6965	151	74	funds	fund	NOUN
aijes-6965	151	75	,	,	PUNCT
aijes-6965	151	76	etc	etc	X
aijes-6965	151	77	.	.	X
aijes-6965	151	78	)	)	PUNCT
aijes-6965	151	79	.	.	PUNCT
aijes-6965	152	1	theoretically	theoretically	ADV
aijes-6965	152	2	,	,	PUNCT
aijes-6965	152	3	the	the	DET
aijes-6965	152	4	introduction	introduction	NOUN
aijes-6965	152	5	and	and	CCONJ
aijes-6965	152	6	use	use	NOUN
aijes-6965	152	7	of	of	ADP
aijes-6965	152	8	a	a	DET
aijes-6965	152	9	digital	digital	ADJ
aijes-6965	152	10	form	form	NOUN
aijes-6965	152	11	of	of	ADP
aijes-6965	152	12	the	the	DET
aijes-6965	152	13	national	national	ADJ
aijes-6965	152	14	currency	currency	NOUN
aijes-6965	152	15	,	,	PUNCT
aijes-6965	152	16	especially	especially	ADV
aijes-6965	152	17	in	in	ADP
aijes-6965	152	18	the	the	DET
aijes-6965	152	19	international	international	ADJ
aijes-6965	152	20	payment	payment	NOUN
aijes-6965	152	21	system	system	NOUN
aijes-6965	152	22	,	,	PUNCT
aijes-6965	152	23	can	can	AUX
aijes-6965	152	24	contribute	contribute	VERB
aijes-6965	152	25	to	to	ADP
aijes-6965	152	26	the	the	DET
aijes-6965	152	27	growth	growth	NOUN
aijes-6965	152	28	of	of	ADP
aijes-6965	152	29	demand	demand	NOUN
aijes-6965	152	30	for	for	ADP
aijes-6965	152	31	the	the	DET
aijes-6965	152	32	national	national	ADJ
aijes-6965	152	33	currency	currency	NOUN
aijes-6965	152	34	,	,	PUNCT
aijes-6965	152	35	but	but	CCONJ
aijes-6965	152	36	in	in	ADP
aijes-6965	152	37	this	this	DET
aijes-6965	152	38	case	case	NOUN
aijes-6965	152	39	the	the	DET
aijes-6965	152	40	national	national	ADJ
aijes-6965	152	41	currency	currency	NOUN
aijes-6965	152	42	,	,	PUNCT
aijes-6965	152	43	including	include	VERB
aijes-6965	152	44	its	its	PRON
aijes-6965	152	45	digital	digital	ADJ
aijes-6965	152	46	form	form	NOUN
aijes-6965	152	47	,	,	PUNCT
aijes-6965	152	48	will	will	AUX
aijes-6965	152	49	compete	compete	VERB
aijes-6965	152	50	not	not	PART
aijes-6965	152	51	only	only	ADV
aijes-6965	152	52	and	and	CCONJ
aijes-6965	152	53	not	not	PART
aijes-6965	152	54	so	so	ADV
aijes-6965	152	55	much	much	ADJ
aijes-6965	152	56	with	with	ADP
aijes-6965	152	57	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	152	58	as	as	ADP
aijes-6965	152	59	with	with	ADP
aijes-6965	152	60	other	other	ADJ
aijes-6965	152	61	currencies	currency	NOUN
aijes-6965	152	62	and	and	CCONJ
aijes-6965	152	63	assets	asset	NOUN
aijes-6965	152	64	attractive	attractive	ADJ
aijes-6965	152	65	to	to	ADP
aijes-6965	152	66	investors	investor	NOUN
aijes-6965	152	67	.	.	PUNCT
aijes-6965	153	1	conclusions	conclusion	NOUN
aijes-6965	153	2	the	the	DET
aijes-6965	153	3	concepts	concept	NOUN
aijes-6965	153	4	of	of	ADP
aijes-6965	153	5	digital	digital	ADJ
aijes-6965	153	6	currencies	currency	NOUN
aijes-6965	153	7	and	and	CCONJ
aijes-6965	153	8	central	central	ADJ
aijes-6965	153	9	bank	bank	NOUN
aijes-6965	153	10	digital	digital	ADJ
aijes-6965	153	11	currencies	currency	NOUN
aijes-6965	153	12	have	have	AUX
aijes-6965	153	13	undergone	undergo	VERB
aijes-6965	153	14	rapid	rapid	ADJ
aijes-6965	153	15	changes	change	NOUN
aijes-6965	153	16	in	in	ADP
aijes-6965	153	17	the	the	DET
aijes-6965	153	18	last	last	ADJ
aijes-6965	153	19	decade	decade	NOUN
aijes-6965	153	20	.	.	PUNCT
aijes-6965	154	1	in	in	ADP
aijes-6965	154	2	the	the	DET
aijes-6965	154	3	early	early	ADJ
aijes-6965	154	4	stages	stage	NOUN
aijes-6965	154	5	,	,	PUNCT
aijes-6965	154	6	there	there	PRON
aijes-6965	154	7	was	be	VERB
aijes-6965	154	8	little	little	ADJ
aijes-6965	154	9	understanding	understanding	NOUN
aijes-6965	154	10	of	of	ADP
aijes-6965	154	11	what	what	PRON
aijes-6965	154	12	constituted	constitute	VERB
aijes-6965	154	13	the	the	DET
aijes-6965	154	14	nature	nature	NOUN
aijes-6965	154	15	of	of	ADP
aijes-6965	154	16	digital	digital	ADJ
aijes-6965	154	17	currencies	currency	NOUN
aijes-6965	154	18	.	.	PUNCT
aijes-6965	155	1	over	over	ADP
aijes-6965	155	2	time	time	NOUN
aijes-6965	155	3	,	,	PUNCT
aijes-6965	155	4	some	some	DET
aijes-6965	155	5	consensus	consensus	NOUN
aijes-6965	155	6	developed	develop	VERB
aijes-6965	155	7	that	that	SCONJ
aijes-6965	155	8	digital	digital	ADJ
aijes-6965	155	9	currencies	currency	NOUN
aijes-6965	155	10	were	be	AUX
aijes-6965	155	11	digital	digital	ADJ
aijes-6965	155	12	assets	asset	NOUN
aijes-6965	155	13	that	that	PRON
aijes-6965	155	14	could	could	AUX
aijes-6965	155	15	partially	partially	ADV
aijes-6965	155	16	function	function	VERB
aijes-6965	155	17	as	as	ADP
aijes-6965	155	18	money	money	NOUN
aijes-6965	155	19	,	,	PUNCT
aijes-6965	155	20	but	but	CCONJ
aijes-6965	155	21	were	be	AUX
aijes-6965	155	22	issued	issue	VERB
aijes-6965	155	23	by	by	ADP
aijes-6965	155	24	private	private	ADJ
aijes-6965	155	25	entities	entity	NOUN
aijes-6965	155	26	,	,	PUNCT
aijes-6965	155	27	not	not	PART
aijes-6965	155	28	by	by	ADP
aijes-6965	155	29	national	national	ADJ
aijes-6965	155	30	monetary	monetary	ADJ
aijes-6965	155	31	authorities	authority	NOUN
aijes-6965	155	32	,	,	PUNCT
aijes-6965	155	33	and	and	CCONJ
aijes-6965	155	34	were	be	AUX
aijes-6965	155	35	likely	likely	ADJ
aijes-6965	155	36	to	to	PART
aijes-6965	155	37	use	use	VERB
aijes-6965	155	38	dlt	dlt	PROPN
aijes-6965	155	39	.	.	PUNCT
aijes-6965	156	1	this	this	DET
aijes-6965	156	2	view	view	NOUN
aijes-6965	156	3	came	come	VERB
aijes-6965	156	4	into	into	ADP
aijes-6965	156	5	conflict	conflict	NOUN
aijes-6965	156	6	with	with	ADP
aijes-6965	156	7	reality	reality	NOUN
aijes-6965	156	8	:	:	PUNCT
aijes-6965	156	9	central	central	ADJ
aijes-6965	156	10	banks	bank	NOUN
aijes-6965	156	11	began	begin	VERB
aijes-6965	156	12	to	to	PART
aijes-6965	156	13	develop	develop	VERB
aijes-6965	156	14	their	their	PRON
aijes-6965	156	15	own	own	ADJ
aijes-6965	156	16	digital	digital	ADJ
aijes-6965	156	17	currencies	currency	NOUN
aijes-6965	156	18	,	,	PUNCT
aijes-6965	156	19	and	and	CCONJ
aijes-6965	156	20	therefore	therefore	ADV
aijes-6965	156	21	the	the	DET
aijes-6965	156	22	evolution	evolution	NOUN
aijes-6965	156	23	of	of	ADP
aijes-6965	156	24	digital	digital	ADJ
aijes-6965	156	25	currencies	currency	NOUN
aijes-6965	156	26	:	:	PUNCT
aijes-6965	156	27	from	from	ADP
aijes-6965	156	28	private	private	ADJ
aijes-6965	156	29	innovation	innovation	NOUN
aijes-6965	156	30	to	to	ADP
aijes-6965	156	31	central	central	ADJ
aijes-6965	156	32	bank	bank	NOUN
aijes-6965	156	33	implementation	implementation	NOUN
aijes-6965	156	34	a	a	DET
aijes-6965	156	35	comprehensive	comprehensive	ADJ
aijes-6965	156	36	analysis	analysis	NOUN
aijes-6965	156	37	of	of	ADP
aijes-6965	156	38	cbdc	cbdc	NOUN
aijes-6965	156	39	development	development	NOUN
aijes-6965	156	40	the	the	DET
aijes-6965	156	41	premise	premise	NOUN
aijes-6965	156	42	of	of	ADP
aijes-6965	156	43	digital	digital	ADJ
aijes-6965	156	44	currencies	currency	NOUN
aijes-6965	156	45	being	be	AUX
aijes-6965	156	46	independent	independent	ADJ
aijes-6965	156	47	of	of	ADP
aijes-6965	156	48	monetary	monetary	ADJ
aijes-6965	156	49	authorities	authority	NOUN
aijes-6965	156	50	,	,	PUNCT
aijes-6965	156	51	by	by	ADP
aijes-6965	156	52	which	which	PRON
aijes-6965	156	53	they	they	PRON
aijes-6965	156	54	were	be	AUX
aijes-6965	156	55	previously	previously	ADV
aijes-6965	156	56	defined	define	VERB
aijes-6965	156	57	,	,	PUNCT
aijes-6965	156	58	no	no	ADV
aijes-6965	156	59	longer	long	ADV
aijes-6965	156	60	held	hold	VERB
aijes-6965	156	61	true	true	ADJ
aijes-6965	156	62	.	.	PUNCT
aijes-6965	157	1	current	current	ADJ
aijes-6965	157	2	central	central	ADJ
aijes-6965	157	3	bank	bank	NOUN
aijes-6965	157	4	definitions	definition	NOUN
aijes-6965	157	5	of	of	ADP
aijes-6965	157	6	their	their	PRON
aijes-6965	157	7	digital	digital	ADJ
aijes-6965	157	8	currencies	currency	NOUN
aijes-6965	157	9	suggest	suggest	VERB
aijes-6965	157	10	that	that	SCONJ
aijes-6965	157	11	they	they	PRON
aijes-6965	157	12	all	all	PRON
aijes-6965	157	13	view	view	VERB
aijes-6965	157	14	digital	digital	ADJ
aijes-6965	157	15	currencies	currency	NOUN
aijes-6965	157	16	as	as	ADP
aijes-6965	157	17	a	a	DET
aijes-6965	157	18	new	new	ADJ
aijes-6965	157	19	form	form	NOUN
aijes-6965	157	20	of	of	ADP
aijes-6965	157	21	money	money	NOUN
aijes-6965	157	22	,	,	PUNCT
aijes-6965	157	23	similar	similar	ADJ
aijes-6965	157	24	in	in	ADP
aijes-6965	157	25	many	many	ADJ
aijes-6965	157	26	ways	way	NOUN
aijes-6965	157	27	and	and	CCONJ
aijes-6965	157	28	functions	function	NOUN
aijes-6965	157	29	to	to	ADP
aijes-6965	157	30	cash	cash	NOUN
aijes-6965	157	31	,	,	PUNCT
aijes-6965	157	32	but	but	CCONJ
aijes-6965	157	33	in	in	ADP
aijes-6965	157	34	digital	digital	ADJ
aijes-6965	157	35	form	form	NOUN
aijes-6965	157	36	.	.	PUNCT
aijes-6965	158	1	the	the	DET
aijes-6965	158	2	use	use	NOUN
aijes-6965	158	3	of	of	ADP
aijes-6965	158	4	dlt	dlt	PROPN
aijes-6965	158	5	remains	remain	VERB
aijes-6965	158	6	an	an	DET
aijes-6965	158	7	open	open	ADJ
aijes-6965	158	8	question	question	NOUN
aijes-6965	158	9	:	:	PUNCT
aijes-6965	158	10	although	although	SCONJ
aijes-6965	158	11	most	most	ADJ
aijes-6965	158	12	central	central	ADJ
aijes-6965	158	13	banks	bank	NOUN
aijes-6965	158	14	have	have	AUX
aijes-6965	158	15	not	not	PART
aijes-6965	158	16	yet	yet	ADV
aijes-6965	158	17	published	publish	VERB
aijes-6965	158	18	data	datum	NOUN
aijes-6965	158	19	on	on	ADP
aijes-6965	158	20	whether	whether	SCONJ
aijes-6965	158	21	they	they	PRON
aijes-6965	158	22	use	use	VERB
aijes-6965	158	23	distributed	distribute	VERB
aijes-6965	158	24	ledgers	ledger	NOUN
aijes-6965	158	25	or	or	CCONJ
aijes-6965	158	26	not	not	PART
aijes-6965	158	27	,	,	PUNCT
aijes-6965	158	28	those	those	PRON
aijes-6965	158	29	that	that	PRON
aijes-6965	158	30	have	have	AUX
aijes-6965	158	31	confirmed	confirm	VERB
aijes-6965	158	32	that	that	SCONJ
aijes-6965	158	33	they	they	PRON
aijes-6965	158	34	do	do	VERB
aijes-6965	158	35	.	.	PUNCT
aijes-6965	159	1	however	however	ADV
aijes-6965	159	2	,	,	PUNCT
aijes-6965	159	3	most	most	ADJ
aijes-6965	159	4	of	of	ADP
aijes-6965	159	5	the	the	DET
aijes-6965	159	6	definitions	definition	NOUN
aijes-6965	159	7	reviewed	review	VERB
aijes-6965	159	8	do	do	AUX
aijes-6965	159	9	not	not	PART
aijes-6965	159	10	postulate	postulate	VERB
aijes-6965	159	11	the	the	DET
aijes-6965	159	12	use	use	NOUN
aijes-6965	159	13	of	of	ADP
aijes-6965	159	14	dlt	dlt	PROPN
aijes-6965	159	15	.	.	PUNCT
aijes-6965	160	1	for	for	ADP
aijes-6965	160	2	now	now	ADV
aijes-6965	160	3	,	,	PUNCT
aijes-6965	160	4	it	it	PRON
aijes-6965	160	5	is	be	AUX
aijes-6965	160	6	an	an	DET
aijes-6965	160	7	optional	optional	ADJ
aijes-6965	160	8	,	,	PUNCT
aijes-6965	160	9	albeit	albeit	SCONJ
aijes-6965	160	10	common	common	ADJ
aijes-6965	160	11	,	,	PUNCT
aijes-6965	160	12	attribute	attribute	NOUN
aijes-6965	160	13	of	of	ADP
aijes-6965	160	14	central	central	ADJ
aijes-6965	160	15	bank	bank	NOUN
aijes-6965	160	16	digital	digital	ADJ
aijes-6965	160	17	currencies	currency	NOUN
aijes-6965	160	18	.	.	PUNCT
aijes-6965	161	1	the	the	DET
aijes-6965	161	2	intended	intend	VERB
aijes-6965	161	3	functions	function	NOUN
aijes-6965	161	4	of	of	ADP
aijes-6965	161	5	the	the	DET
aijes-6965	161	6	cbdcs	cbdc	NOUN
aijes-6965	161	7	under	under	ADP
aijes-6965	161	8	development	development	NOUN
aijes-6965	161	9	are	be	AUX
aijes-6965	161	10	largely	largely	ADV
aijes-6965	161	11	determined	determine	VERB
aijes-6965	161	12	by	by	ADP
aijes-6965	161	13	the	the	DET
aijes-6965	161	14	motives	motive	NOUN
aijes-6965	161	15	that	that	PRON
aijes-6965	161	16	prompted	prompt	VERB
aijes-6965	161	17	central	central	ADJ
aijes-6965	161	18	banks	bank	NOUN
aijes-6965	161	19	to	to	PART
aijes-6965	161	20	develop	develop	VERB
aijes-6965	161	21	them	they	PRON
aijes-6965	161	22	.	.	PUNCT
aijes-6965	162	1	some	some	PRON
aijes-6965	162	2	of	of	ADP
aijes-6965	162	3	them	they	PRON
aijes-6965	162	4	,	,	PUNCT
aijes-6965	162	5	such	such	ADJ
aijes-6965	162	6	as	as	ADP
aijes-6965	162	7	competition	competition	NOUN
aijes-6965	162	8	with	with	ADP
aijes-6965	162	9	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	162	10	and	and	CCONJ
aijes-6965	162	11	private	private	ADJ
aijes-6965	162	12	currencies	currency	NOUN
aijes-6965	162	13	,	,	PUNCT
aijes-6965	162	14	are	be	AUX
aijes-6965	162	15	skeptical	skeptical	ADJ
aijes-6965	162	16	,	,	PUNCT
aijes-6965	162	17	while	while	SCONJ
aijes-6965	162	18	others	other	NOUN
aijes-6965	162	19	are	be	AUX
aijes-6965	162	20	driven	drive	VERB
aijes-6965	162	21	by	by	ADP
aijes-6965	162	22	current	current	ADJ
aijes-6965	162	23	demands	demand	NOUN
aijes-6965	162	24	from	from	ADP
aijes-6965	162	25	society	society	NOUN
aijes-6965	162	26	and	and	CCONJ
aijes-6965	162	27	financial	financial	ADJ
aijes-6965	162	28	system	system	NOUN
aijes-6965	162	29	participants	participant	NOUN
aijes-6965	162	30	,	,	PUNCT
aijes-6965	162	31	but	but	CCONJ
aijes-6965	162	32	will	will	AUX
aijes-6965	162	33	only	only	ADV
aijes-6965	162	34	be	be	AUX
aijes-6965	162	35	effective	effective	ADJ
aijes-6965	162	36	in	in	ADP
aijes-6965	162	37	conjunction	conjunction	NOUN
aijes-6965	162	38	with	with	ADP
aijes-6965	162	39	large	large	ADJ
aijes-6965	162	40	-	-	PUNCT
aijes-6965	162	41	scale	scale	NOUN
aijes-6965	162	42	reforms	reform	NOUN
aijes-6965	162	43	in	in	ADP
aijes-6965	162	44	other	other	ADJ
aijes-6965	162	45	areas	area	NOUN
aijes-6965	162	46	(	(	PUNCT
aijes-6965	162	47	for	for	ADP
aijes-6965	162	48	example	example	NOUN
aijes-6965	162	49	,	,	PUNCT
aijes-6965	162	50	if	if	SCONJ
aijes-6965	162	51	we	we	PRON
aijes-6965	162	52	talk	talk	VERB
aijes-6965	162	53	about	about	ADP
aijes-6965	162	54	the	the	DET
aijes-6965	162	55	task	task	NOUN
aijes-6965	162	56	of	of	ADP
aijes-6965	162	57	financial	financial	ADJ
aijes-6965	162	58	inclusion	inclusion	NOUN
aijes-6965	162	59	)	)	PUNCT
aijes-6965	162	60	.	.	PUNCT
aijes-6965	163	1	it	it	PRON
aijes-6965	163	2	can	can	AUX
aijes-6965	163	3	be	be	AUX
aijes-6965	163	4	said	say	VERB
aijes-6965	163	5	with	with	ADP
aijes-6965	163	6	relative	relative	ADJ
aijes-6965	163	7	certainty	certainty	NOUN
aijes-6965	163	8	that	that	SCONJ
aijes-6965	163	9	consensus	consensus	NOUN
aijes-6965	163	10	on	on	ADP
aijes-6965	163	11	what	what	PRON
aijes-6965	163	12	a	a	DET
aijes-6965	163	13	central	central	ADJ
aijes-6965	163	14	bank	bank	NOUN
aijes-6965	163	15	digital	digital	ADJ
aijes-6965	163	16	currency	currency	NOUN
aijes-6965	163	17	is	be	AUX
aijes-6965	163	18	and	and	CCONJ
aijes-6965	163	19	what	what	PRON
aijes-6965	163	20	its	its	PRON
aijes-6965	163	21	functionality	functionality	NOUN
aijes-6965	163	22	will	will	AUX
aijes-6965	163	23	be	be	AUX
aijes-6965	163	24	will	will	AUX
aijes-6965	163	25	not	not	PART
aijes-6965	163	26	be	be	AUX
aijes-6965	163	27	achieved	achieve	VERB
aijes-6965	163	28	until	until	SCONJ
aijes-6965	163	29	a	a	DET
aijes-6965	163	30	significant	significant	ADJ
aijes-6965	163	31	number	number	NOUN
aijes-6965	163	32	of	of	ADP
aijes-6965	163	33	cbdc	cbdc	NOUN
aijes-6965	163	34	pilots	pilot	NOUN
aijes-6965	163	35	are	be	AUX
aijes-6965	163	36	launched	launch	VERB
aijes-6965	163	37	.	.	PUNCT
aijes-6965	164	1	it	it	PRON
aijes-6965	164	2	will	will	AUX
aijes-6965	164	3	be	be	AUX
aijes-6965	164	4	clear	clear	ADJ
aijes-6965	164	5	whether	whether	SCONJ
aijes-6965	164	6	a	a	DET
aijes-6965	164	7	cbdc	cbdc	NOUN
aijes-6965	164	8	is	be	AUX
aijes-6965	164	9	a	a	DET
aijes-6965	164	10	digital	digital	ADJ
aijes-6965	164	11	analogue	analogue	NOUN
aijes-6965	164	12	of	of	ADP
aijes-6965	164	13	cash	cash	NOUN
aijes-6965	164	14	,	,	PUNCT
aijes-6965	164	15	whether	whether	SCONJ
aijes-6965	164	16	most	most	ADJ
aijes-6965	164	17	counterparties	counterpartie	NOUN
aijes-6965	164	18	perceive	perceive	VERB
aijes-6965	164	19	it	it	PRON
aijes-6965	164	20	as	as	ADP
aijes-6965	164	21	a	a	DET
aijes-6965	164	22	central	central	ADJ
aijes-6965	164	23	bank	bank	NOUN
aijes-6965	164	24	obligation	obligation	NOUN
aijes-6965	164	25	equivalent	equivalent	ADJ
aijes-6965	164	26	to	to	ADP
aijes-6965	164	27	banknotes	banknote	NOUN
aijes-6965	164	28	,	,	PUNCT
aijes-6965	164	29	whether	whether	SCONJ
aijes-6965	164	30	dlt	dlt	PROPN
aijes-6965	164	31	will	will	AUX
aijes-6965	164	32	be	be	AUX
aijes-6965	164	33	a	a	DET
aijes-6965	164	34	ubiquitous	ubiquitous	ADJ
aijes-6965	164	35	feature	feature	NOUN
aijes-6965	164	36	of	of	ADP
aijes-6965	164	37	cbdcs	cbdc	NOUN
aijes-6965	164	38	with	with	ADP
aijes-6965	164	39	some	some	DET
aijes-6965	164	40	exceptions	exception	NOUN
aijes-6965	164	41	or	or	CCONJ
aijes-6965	164	42	will	will	AUX
aijes-6965	164	43	remain	remain	VERB
aijes-6965	164	44	only	only	ADV
aijes-6965	164	45	an	an	DET
aijes-6965	164	46	option	option	NOUN
aijes-6965	164	47	,	,	PUNCT
aijes-6965	164	48	and	and	CCONJ
aijes-6965	164	49	which	which	DET
aijes-6965	164	50	central	central	ADJ
aijes-6965	164	51	bank	bank	NOUN
aijes-6965	164	52	currencies	currency	NOUN
aijes-6965	164	53	will	will	AUX
aijes-6965	164	54	be	be	AUX
aijes-6965	164	55	more	more	ADV
aijes-6965	164	56	widespread	widespread	ADJ
aijes-6965	164	57	for	for	ADP
aijes-6965	164	58	retail	retail	ADJ
aijes-6965	164	59	or	or	CCONJ
aijes-6965	164	60	wholesale	wholesale	ADJ
aijes-6965	164	61	payments	payment	NOUN
aijes-6965	164	62	.	.	PUNCT
aijes-6965	165	1	the	the	DET
aijes-6965	165	2	highly	highly	ADV
aijes-6965	165	3	important	important	ADJ
aijes-6965	165	4	research	research	NOUN
aijes-6965	165	5	analyzing	analyze	VERB
aijes-6965	165	6	how	how	SCONJ
aijes-6965	165	7	wholesale	wholesale	ADJ
aijes-6965	165	8	and	and	CCONJ
aijes-6965	165	9	retail	retail	ADJ
aijes-6965	165	10	payments	payment	NOUN
aijes-6965	165	11	will	will	AUX
aijes-6965	165	12	affect	affect	VERB
aijes-6965	165	13	the	the	DET
aijes-6965	165	14	benefits	benefit	NOUN
aijes-6965	165	15	of	of	ADP
aijes-6965	165	16	different	different	ADJ
aijes-6965	165	17	economic	economic	ADJ
aijes-6965	165	18	actors	actor	NOUN
aijes-6965	165	19	,	,	PUNCT
aijes-6965	165	20	governments	government	NOUN
aijes-6965	165	21	,	,	PUNCT
aijes-6965	165	22	households	household	NOUN
aijes-6965	165	23	,	,	PUNCT
aijes-6965	165	24	businesses	business	NOUN
aijes-6965	165	25	will	will	AUX
aijes-6965	165	26	be	be	AUX
aijes-6965	165	27	fully	fully	ADV
aijes-6965	165	28	possible	possible	ADJ
aijes-6965	165	29	after	after	SCONJ
aijes-6965	165	30	researchers	researcher	NOUN
aijes-6965	165	31	have	have	VERB
aijes-6965	165	32	data	datum	NOUN
aijes-6965	165	33	on	on	ADP
aijes-6965	165	34	the	the	DET
aijes-6965	165	35	implementation	implementation	NOUN
aijes-6965	165	36	of	of	ADP
aijes-6965	165	37	cbdcs	cbdc	NOUN
aijes-6965	165	38	in	in	ADP
aijes-6965	165	39	other	other	ADJ
aijes-6965	165	40	countries	country	NOUN
aijes-6965	165	41	or	or	CCONJ
aijes-6965	165	42	at	at	ADP
aijes-6965	165	43	least	least	ADJ
aijes-6965	165	44	a	a	DET
aijes-6965	165	45	detailed	detailed	ADJ
aijes-6965	165	46	description	description	NOUN
aijes-6965	165	47	of	of	ADP
aijes-6965	165	48	how	how	SCONJ
aijes-6965	165	49	these	these	DET
aijes-6965	165	50	currencies	currency	NOUN
aijes-6965	165	51	function	function	VERB
aijes-6965	165	52	.	.	PUNCT
aijes-6965	166	1	the	the	DET
aijes-6965	166	2	concepts	concept	NOUN
aijes-6965	166	3	will	will	AUX
aijes-6965	166	4	again	again	ADV
aijes-6965	166	5	be	be	AUX
aijes-6965	166	6	tested	test	VERB
aijes-6965	166	7	by	by	ADP
aijes-6965	166	8	reality	reality	NOUN
aijes-6965	166	9	and	and	CCONJ
aijes-6965	166	10	adapted	adapt	VERB
aijes-6965	166	11	to	to	ADP
aijes-6965	166	12	it	it	PRON
aijes-6965	166	13	.	.	PUNCT
aijes-6965	167	1	references	reference	NOUN
aijes-6965	167	2	1	1	NUM
aijes-6965	167	3	.	.	PUNCT
aijes-6965	168	1	banco	banco	PROPN
aijes-6965	168	2	central	central	PROPN
aijes-6965	168	3	do	do	VERB
aijes-6965	168	4	brazil	brazil	PROPN
aijes-6965	168	5	.	.	PUNCT
aijes-6965	169	1	(	(	PUNCT
aijes-6965	169	2	2024	2024	NUM
aijes-6965	169	3	,	,	PUNCT
aijes-6965	169	4	august	august	PROPN
aijes-6965	169	5	)	)	PUNCT
aijes-6965	169	6	.	.	PUNCT
aijes-6965	170	1	drex	drex	PROPN
aijes-6965	170	2	—	—	PUNCT
aijes-6965	170	3	digital	digital	ADJ
aijes-6965	170	4	brazilian	brazilian	ADJ
aijes-6965	170	5	real	real	NOUN
aijes-6965	170	6	.	.	PUNCT
aijes-6965	171	1	banco	banco	PROPN
aijes-6965	171	2	central	central	PROPN
aijes-6965	171	3	do	do	AUX
aijes-6965	171	4	brazil	brazil	PROPN
aijes-6965	171	5	.	.	PUNCT
aijes-6965	172	1	https://www.bcb.gov.br/en	https://www.bcb.gov.br/en	PROPN
aijes-6965	172	2	2	2	NUM
aijes-6965	172	3	.	.	X
aijes-6965	172	4	bank	bank	PROPN
aijes-6965	172	5	of	of	ADP
aijes-6965	172	6	canada	canada	PROPN
aijes-6965	172	7	.	.	PUNCT
aijes-6965	173	1	(	(	PUNCT
aijes-6965	173	2	2020	2020	NUM
aijes-6965	173	3	)	)	PUNCT
aijes-6965	173	4	.	.	PUNCT
aijes-6965	174	1	the	the	DET
aijes-6965	174	2	economics	economic	NOUN
aijes-6965	174	3	of	of	ADP
aijes-6965	174	4	central	central	ADJ
aijes-6965	174	5	bank	bank	PROPN
aijes-6965	174	6	digital	digital	ADJ
aijes-6965	174	7	currencies	currency	NOUN
aijes-6965	174	8	.	.	PUNCT
aijes-6965	175	1	3	3	X
aijes-6965	175	2	.	.	X
aijes-6965	175	3	bank	bank	PROPN
aijes-6965	175	4	of	of	ADP
aijes-6965	175	5	canada	canada	PROPN
aijes-6965	175	6	.	.	PUNCT
aijes-6965	176	1	(	(	PUNCT
aijes-6965	176	2	2023	2023	NUM
aijes-6965	176	3	)	)	PUNCT
aijes-6965	176	4	.	.	PUNCT
aijes-6965	177	1	the	the	DET
aijes-6965	177	2	promise	promise	NOUN
aijes-6965	177	3	and	and	CCONJ
aijes-6965	177	4	peril	peril	NOUN
aijes-6965	177	5	of	of	ADP
aijes-6965	177	6	digital	digital	ADJ
aijes-6965	177	7	currencies	currency	NOUN
aijes-6965	177	8	.	.	PUNCT
aijes-6965	178	1	4	4	X
aijes-6965	178	2	.	.	X
aijes-6965	178	3	bank	bank	PROPN
aijes-6965	178	4	of	of	ADP
aijes-6965	178	5	england	england	PROPN
aijes-6965	178	6	.	.	PUNCT
aijes-6965	179	1	(	(	PUNCT
aijes-6965	179	2	2022	2022	NUM
aijes-6965	179	3	)	)	PUNCT
aijes-6965	179	4	.	.	PUNCT
aijes-6965	180	1	digital	digital	ADJ
aijes-6965	180	2	money	money	NOUN
aijes-6965	180	3	and	and	CCONJ
aijes-6965	180	4	the	the	DET
aijes-6965	180	5	future	future	NOUN
aijes-6965	180	6	of	of	ADP
aijes-6965	180	7	monetary	monetary	ADJ
aijes-6965	180	8	systems	system	NOUN
aijes-6965	180	9	.	.	PUNCT
aijes-6965	181	1	5	5	X
aijes-6965	181	2	.	.	X
aijes-6965	181	3	bank	bank	PROPN
aijes-6965	181	4	of	of	ADP
aijes-6965	181	5	japan	japan	PROPN
aijes-6965	181	6	.	.	PUNCT
aijes-6965	182	1	(	(	PUNCT
aijes-6965	182	2	2020	2020	NUM
aijes-6965	182	3	)	)	PUNCT
aijes-6965	182	4	.	.	PUNCT
aijes-6965	183	1	project	project	NOUN
aijes-6965	183	2	stella	stella	PROPN
aijes-6965	183	3	:	:	PUNCT
aijes-6965	183	4	the	the	DET
aijes-6965	183	5	ecb	ecb	PROPN
aijes-6965	183	6	and	and	CCONJ
aijes-6965	183	7	the	the	DET
aijes-6965	183	8	bank	bank	PROPN
aijes-6965	183	9	of	of	ADP
aijes-6965	183	10	japan	japan	PROPN
aijes-6965	183	11	release	release	VERB
aijes-6965	183	12	joint	joint	ADJ
aijes-6965	183	13	report	report	NOUN
aijes-6965	183	14	on	on	ADP
aijes-6965	183	15	distributed	distribute	VERB
aijes-6965	183	16	ledger	ledger	NOUN
aijes-6965	183	17	technology	technology	NOUN
aijes-6965	183	18	(	(	PUNCT
aijes-6965	183	19	phase	phase	NOUN
aijes-6965	183	20	4	4	NUM
aijes-6965	183	21	)	)	PUNCT
aijes-6965	183	22	.	.	PUNCT
aijes-6965	184	1	6	6	X
aijes-6965	184	2	.	.	X
aijes-6965	184	3	edward	edward	PROPN
aijes-6965	184	4	l.	l.	PROPN
aijes-6965	184	5	(	(	PUNCT
aijes-6965	184	6	2012	2012	NUM
aijes-6965	184	7	)	)	PUNCT
aijes-6965	184	8	.	.	PUNCT
aijes-6965	185	1	the	the	DET
aijes-6965	185	2	dark	dark	ADJ
aijes-6965	185	3	side	side	NOUN
aijes-6965	185	4	of	of	ADP
aijes-6965	185	5	financial	financial	ADJ
aijes-6965	185	6	innovation	innovation	NOUN
aijes-6965	185	7	:	:	PUNCT
aijes-6965	185	8	the	the	DET
aijes-6965	185	9	rise	rise	NOUN
aijes-6965	185	10	of	of	ADP
aijes-6965	185	11	financial	financial	ADJ
aijes-6965	185	12	derivatives	derivative	NOUN
aijes-6965	185	13	.	.	PUNCT
aijes-6965	186	1	7	7	X
aijes-6965	186	2	.	.	X
aijes-6965	186	3	eswar	eswar	PROPN
aijes-6965	186	4	s.	s.	PROPN
aijes-6965	186	5	(	(	PUNCT
aijes-6965	186	6	2021	2021	NUM
aijes-6965	186	7	)	)	PUNCT
aijes-6965	186	8	.	.	PUNCT
aijes-6965	187	1	the	the	DET
aijes-6965	187	2	future	future	NOUN
aijes-6965	187	3	of	of	ADP
aijes-6965	187	4	money	money	NOUN
aijes-6965	187	5	:	:	PUNCT
aijes-6965	187	6	how	how	SCONJ
aijes-6965	187	7	the	the	DET
aijes-6965	187	8	digital	digital	ADJ
aijes-6965	187	9	revolution	revolution	NOUN
aijes-6965	187	10	is	be	AUX
aijes-6965	187	11	transforming	transform	VERB
aijes-6965	187	12	currencies	currency	NOUN
aijes-6965	187	13	and	and	CCONJ
aijes-6965	187	14	finance	finance	NOUN
aijes-6965	187	15	.	.	PUNCT
aijes-6965	188	1	8	8	X
aijes-6965	188	2	.	.	X
aijes-6965	188	3	federal	federal	PROPN
aijes-6965	188	4	reserve	reserve	PROPN
aijes-6965	188	5	bank	bank	PROPN
aijes-6965	188	6	of	of	ADP
aijes-6965	188	7	new	new	PROPN
aijes-6965	188	8	york	york	PROPN
aijes-6965	188	9	.	.	PUNCT
aijes-6965	189	1	(	(	PUNCT
aijes-6965	189	2	2018	2018	NUM
aijes-6965	189	3	)	)	PUNCT
aijes-6965	189	4	.	.	PUNCT
aijes-6965	190	1	cryptocurrencies	cryptocurrencie	NOUN
aijes-6965	190	2	and	and	CCONJ
aijes-6965	190	3	blockchain	blockchain	PROPN
aijes-6965	190	4	:	:	PUNCT
aijes-6965	190	5	their	their	PRON
aijes-6965	190	6	impact	impact	NOUN
aijes-6965	190	7	on	on	ADP
aijes-6965	190	8	the	the	DET
aijes-6965	190	9	financial	financial	ADJ
aijes-6965	190	10	system	system	NOUN
aijes-6965	190	11	.	.	PUNCT
aijes-6965	191	1	9	9	X
aijes-6965	191	2	.	.	X
aijes-6965	191	3	g7	g7	PROPN
aijes-6965	191	4	working	working	PROPN
aijes-6965	191	5	group	group	NOUN
aijes-6965	191	6	.	.	PUNCT
aijes-6965	192	1	(	(	PUNCT
aijes-6965	192	2	2021	2021	NUM
aijes-6965	192	3	)	)	PUNCT
aijes-6965	192	4	.	.	PUNCT
aijes-6965	193	1	central	central	PROPN
aijes-6965	193	2	bank	bank	PROPN
aijes-6965	193	3	digital	digital	ADJ
aijes-6965	193	4	currencies	currency	NOUN
aijes-6965	193	5	for	for	ADP
aijes-6965	193	6	cross	cross	ADJ
aijes-6965	193	7	-	-	ADJ
aijes-6965	193	8	border	border	ADJ
aijes-6965	193	9	payments	payment	NOUN
aijes-6965	193	10	.	.	PUNCT
aijes-6965	194	1	https://www.bcb.gov.br/en	https://www.bcb.gov.br/en	PROPN
aijes-6965	194	2	ali	ali	PROPN
aijes-6965	194	3	yusifov	yusifov	PROPN
aijes-6965	194	4	10	10	NUM
aijes-6965	194	5	.	.	PUNCT
aijes-6965	195	1	international	international	ADJ
aijes-6965	195	2	monetary	monetary	ADJ
aijes-6965	195	3	fund	fund	NOUN
aijes-6965	195	4	.	.	PUNCT
aijes-6965	196	1	(	(	PUNCT
aijes-6965	196	2	2016	2016	NUM
aijes-6965	196	3	)	)	PUNCT
aijes-6965	196	4	.	.	PUNCT
aijes-6965	197	1	virtual	virtual	ADJ
aijes-6965	197	2	currencies	currency	NOUN
aijes-6965	197	3	and	and	CCONJ
aijes-6965	197	4	beyond	beyond	ADP
aijes-6965	197	5	:	:	PUNCT
aijes-6965	197	6	initial	initial	ADJ
aijes-6965	197	7	considerations	consideration	NOUN
aijes-6965	197	8	.	.	PUNCT
aijes-6965	198	1	11	11	NUM
aijes-6965	198	2	.	.	X
aijes-6965	198	3	international	international	ADJ
aijes-6965	198	4	monetary	monetary	ADJ
aijes-6965	198	5	fund	fund	NOUN
aijes-6965	198	6	.	.	PUNCT
aijes-6965	199	1	(	(	PUNCT
aijes-6965	199	2	2021	2021	NUM
aijes-6965	199	3	)	)	PUNCT
aijes-6965	199	4	.	.	PUNCT
aijes-6965	200	1	central	central	PROPN
aijes-6965	200	2	bank	bank	PROPN
aijes-6965	200	3	digital	digital	ADJ
aijes-6965	200	4	currencies	currency	NOUN
aijes-6965	200	5	:	:	PUNCT
aijes-6965	200	6	design	design	NOUN
aijes-6965	200	7	and	and	CCONJ
aijes-6965	200	8	implications	implication	NOUN
aijes-6965	200	9	.	.	PUNCT
aijes-6965	201	1	12	12	NUM
aijes-6965	201	2	.	.	PUNCT
aijes-6965	202	1	nathaniel	nathaniel	PROPN
aijes-6965	202	2	popper	popper	PROPN
aijes-6965	202	3	.	.	PUNCT
aijes-6965	203	1	(	(	PUNCT
aijes-6965	203	2	2015	2015	NUM
aijes-6965	203	3	)	)	PUNCT
aijes-6965	203	4	.	.	PUNCT
aijes-6965	204	1	digital	digital	ADJ
aijes-6965	204	2	gold	gold	NOUN
aijes-6965	204	3	:	:	PUNCT
aijes-6965	204	4	bitcoin	bitcoin	PROPN
aijes-6965	204	5	and	and	CCONJ
aijes-6965	204	6	the	the	DET
aijes-6965	204	7	inside	inside	ADJ
aijes-6965	204	8	story	story	NOUN
aijes-6965	204	9	of	of	ADP
aijes-6965	204	10	the	the	DET
aijes-6965	204	11	misfits	misfit	NOUN
aijes-6965	204	12	and	and	CCONJ
aijes-6965	204	13	millionaires	millionaire	NOUN
aijes-6965	204	14	trying	try	VERB
aijes-6965	204	15	to	to	PART
aijes-6965	204	16	reinvent	reinvent	VERB
aijes-6965	204	17	money	money	NOUN
aijes-6965	204	18	.	.	PUNCT
aijes-6965	205	1	13	13	NUM
aijes-6965	205	2	.	.	X
aijes-6965	205	3	reserve	reserve	PROPN
aijes-6965	205	4	bank	bank	PROPN
aijes-6965	205	5	of	of	ADP
aijes-6965	205	6	zimbabwe	zimbabwe	PROPN
aijes-6965	205	7	.	.	PUNCT
aijes-6965	206	1	(	(	PUNCT
aijes-6965	206	2	2023	2023	NUM
aijes-6965	206	3	)	)	PUNCT
aijes-6965	206	4	.	.	PUNCT
aijes-6965	207	1	introduction	introduction	NOUN
aijes-6965	207	2	of	of	ADP
aijes-6965	207	3	the	the	DET
aijes-6965	207	4	zimbabwe	zimbabwe	ADJ
aijes-6965	207	5	gold	gold	NOUN
aijes-6965	207	6	-	-	PUNCT
aijes-6965	207	7	backed	back	VERB
aijes-6965	207	8	digital	digital	ADJ
aijes-6965	207	9	token	token	PROPN
aijes-6965	207	10	(	(	PUNCT
aijes-6965	207	11	zig	zig	PROPN
aijes-6965	207	12	)	)	PUNCT
aijes-6965	207	13	as	as	ADP
aijes-6965	207	14	a	a	DET
aijes-6965	207	15	means	means	NOUN
aijes-6965	207	16	of	of	ADP
aijes-6965	207	17	payment	payment	NOUN
aijes-6965	207	18	.	.	PUNCT
aijes-6965	208	1	14	14	NUM
aijes-6965	208	2	.	.	PUNCT
aijes-6965	209	1	satoshi	satoshi	PROPN
aijes-6965	209	2	nakamoto	nakamoto	PROPN
aijes-6965	209	3	.	.	PUNCT
aijes-6965	210	1	(	(	PUNCT
aijes-6965	210	2	2008	2008	NUM
aijes-6965	210	3	)	)	PUNCT
aijes-6965	210	4	.	.	PUNCT
aijes-6965	211	1	bitcoin	bitcoin	NOUN
aijes-6965	211	2	:	:	PUNCT
aijes-6965	211	3	a	a	DET
aijes-6965	211	4	peer	peer	NOUN
aijes-6965	211	5	-	-	PUNCT
aijes-6965	211	6	to	to	ADP
aijes-6965	211	7	-	-	PUNCT
aijes-6965	211	8	peer	peer	NOUN
aijes-6965	211	9	electronic	electronic	ADJ
aijes-6965	211	10	cash	cash	NOUN
aijes-6965	211	11	system	system	NOUN
aijes-6965	211	12	.	.	PUNCT
aijes-6965	212	1	15	15	X
aijes-6965	212	2	.	.	PUNCT
aijes-6965	213	1	the	the	DET
aijes-6965	213	2	committee	committee	NOUN
aijes-6965	213	3	on	on	ADP
aijes-6965	213	4	payments	payment	NOUN
aijes-6965	213	5	and	and	CCONJ
aijes-6965	213	6	market	market	NOUN
aijes-6965	213	7	infrastructures	infrastructure	NOUN
aijes-6965	213	8	(	(	PUNCT
aijes-6965	213	9	cpmi	cpmi	PROPN
aijes-6965	213	10	)	)	PUNCT
aijes-6965	213	11	.	.	PUNCT
aijes-6965	214	1	(	(	PUNCT
aijes-6965	214	2	2017	2017	NUM
aijes-6965	214	3	)	)	PUNCT
aijes-6965	214	4	.	.	PUNCT
aijes-6965	215	1	distributed	distribute	VERB
aijes-6965	215	2	ledger	ledger	NOUN
aijes-6965	215	3	technology	technology	NOUN
aijes-6965	215	4	in	in	ADP
aijes-6965	215	5	payment	payment	NOUN
aijes-6965	215	6	,	,	PUNCT
aijes-6965	215	7	clearing	clearing	NOUN
aijes-6965	215	8	,	,	PUNCT
aijes-6965	215	9	and	and	CCONJ
aijes-6965	215	10	settlement	settlement	NOUN
aijes-6965	215	11	.	.	PUNCT
aijes-6965	216	1	16	16	NUM
aijes-6965	216	2	.	.	PUNCT
aijes-6965	217	1	tradingview.com	tradingview.com	X
aijes-6965	217	2	.	.	PUNCT
aijes-6965	218	1	(	(	PUNCT
aijes-6965	218	2	2024	2024	NUM
aijes-6965	218	3	,	,	PUNCT
aijes-6965	218	4	may	may	AUX
aijes-6965	218	5	)	)	PUNCT
aijes-6965	218	6	.	.	PUNCT
aijes-6965	219	1	crypto	crypto	PROPN
aijes-6965	219	2	market	market	NOUN
aijes-6965	219	3	,	,	PUNCT
aijes-6965	219	4	market	market	NOUN
aijes-6965	219	5	cap	cap	NOUN
aijes-6965	219	6	,	,	PUNCT
aijes-6965	219	7	trading	trading	NOUN
aijes-6965	219	8	view	view	NOUN
aijes-6965	219	9	.	.	PUNCT
aijes-6965	220	1	https://www.tradingview.com/markets/cryptocurrencies/global-charts/	https://www.tradingview.com/markets/cryptocurrencies/global-charts/	PROPN
aijes-6965	220	2	17	17	NUM
aijes-6965	220	3	.	.	PUNCT
aijes-6965	221	1	world	world	PROPN
aijes-6965	221	2	bank	bank	PROPN
aijes-6965	221	3	group	group	NOUN
aijes-6965	221	4	.	.	PUNCT
aijes-6965	222	1	(	(	PUNCT
aijes-6965	222	2	2021	2021	NUM
aijes-6965	222	3	)	)	PUNCT
aijes-6965	222	4	.	.	PUNCT
aijes-6965	223	1	blockchain	blockchain	PROPN
aijes-6965	223	2	and	and	CCONJ
aijes-6965	223	3	distributed	distribute	VERB
aijes-6965	223	4	ledger	ledger	NOUN
aijes-6965	223	5	technologies	technology	NOUN
aijes-6965	223	6	for	for	ADP
aijes-6965	223	7	financial	financial	ADJ
aijes-6965	223	8	institutions	institution	NOUN
aijes-6965	223	9	.	.	PUNCT
aijes-6965	224	1	18	18	NUM
aijes-6965	224	2	.	.	X
aijes-6965	224	3	world	world	PROPN
aijes-6965	224	4	economic	economic	PROPN
aijes-6965	224	5	forum	forum	PROPN
aijes-6965	224	6	.	.	PUNCT
aijes-6965	225	1	(	(	PUNCT
aijes-6965	225	2	2021	2021	NUM
aijes-6965	225	3	)	)	PUNCT
aijes-6965	225	4	.	.	PUNCT
aijes-6965	226	1	designing	design	VERB
aijes-6965	226	2	a	a	DET
aijes-6965	226	3	central	central	ADJ
aijes-6965	226	4	bank	bank	NOUN
aijes-6965	226	5	digital	digital	ADJ
aijes-6965	226	6	currency	currency	NOUN
aijes-6965	226	7	:	:	PUNCT
aijes-6965	226	8	lessons	lesson	NOUN
aijes-6965	226	9	learned	learn	VERB
aijes-6965	226	10	.	.	PUNCT
aijes-6965	227	1	https://www.tradingview.com/markets/cryptocurrencies/global-charts/	https://www.tradingview.com/markets/cryptocurrencies/global-charts/	ADV