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Central Bank Digital Currencies (CBDCs) have been a topic of discussion for most central banks (for more than 86%, as per the BIS); but have recently been classed as a ‘priority project’ (as per Powell) after China’s official launch of e-CNY (a CBDC) whitepaper in July.
Has e-CNY jolted the Fed? Will e-CNY result in the fall of a seven-decade long USD dominance? Let’s take a moment to understand this issue in its totality
CBDC’s and their inevitability, first
CBDCs – sovereign issued digital currencies which are a legal tender and allow the bearers to lay claim on public money (just like…