Why Central Bank Digital Currencies = No Privacy, Programable Money, And No Cash Alternative
This article discusses the pros and cons of central bank digital currencies. There are concerns that the Federal Reserve would gain too much power if a CBDC were to be created. Additionally, there are privacy concerns associated with a CBDC since it would be an intermediary system that would leverage banks and payment processors. - As central banks are the issuer of banknotes and reserve accounts, the Federal Reserve’s key focus is on the currency system and selected financial market particip...
Why Central Bank Digital Currencies = No Privacy, Programable Money, And No Cash Alternative
This article discusses the pros and cons of central bank digital currencies. There are concerns that the Federal Reserve would gain too much power if a CBDC were to be created. Additionally, there are privacy concerns associated with a CBDC since it would be an intermediary system that would leverage banks and payment processors. - As central banks are the issuer of banknotes and reserve accounts, the Federal Reserve’s key focus is on the currency system and selected financial market particip...
