The race to digital money is on – PwC’s 2022 CBDC Global Index shows which central banks are in the lead \ stacker news ~bitcoin

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The race to digital money is on – PwC’s 2022 CBDC Global Index shows which central banks are in the lead www.pwc.com/gx/en/news-room/press-releases/2022/pwc-cbdc-global-index-2022.html

10 sats \ 5 comments \ @KenyaCoin 16 Apr 2022 bitcoin

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20 sats \ 0 replies \ @Undergotten 16 Apr 2022

No one tell them the race was started and won 13 years ago.

20 sats \ 0 replies \ @freetx 16 Apr 2022

My prediction: The US goes hybrid-mode. Does not create CBDC at US Treasury or Fed Reserve level. Instead, they will have a "blessed" stablecoin (ie. USDC) and will control it via strict regulation.

In the end, the Fed Reserve will hold USDC on its balance sheet and banks will borrow exactly like they do legacy USD.

This gives gov + financial system 90% of what they want with CBDC but its done via a proxy-of-a-proxy scenario where its plausibly deniable that its all under gov control -- and most importantly profit still is allowed to remain private.

5 sats \ 0 replies \ @cryptocoin 17 Apr 2022

A new post on ZeroHedge on CBDCs:

Central Bank Digital Currencies Are Doomed To Fail - And Here's Why | ZeroHedge #20515 https://www.zerohedge.com/crypto/central-bank-digital-currencies-are-doomed-fail-and-heres-why

1 sat \ 1 reply \ @KenyaCoin OP 16 Apr 2022

Overall, retail CBDC projects (digital currencies designed for public use) have reached greater maturity levels than wholesale projects (digital currencies used by financial institutions that have accounts with central banks), but the past year has seen progress on a number of successful wholesale pilots.

https://i.imgur.com/WKPTChp.png

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The link to the report:

(PwC Global CBDC Index and Stablecoin Overview 2022 https://www.pwc.com/gx/en/new-ventures/cryptocurrency-assets/pwc-global-cbdc-index-stablecoin-overview-2022.pdf

1 sat \ 0 replies \ @KenyaCoin OP 16 Apr 2022

An article from The Block on a recently published BIS survey on CBDCs:

Central banks in emerging economies look to CBDCs for payment efficiency, BIS report says | The Block #20138 https://archive.ph/Mt4ko https://www.theblockcrypto.com/linked/142038/central-banksin-emerging-economies-look-to-cbdcs-for-payment-efficiency-bis-report-says https://www.bis.org/publ/bppdf/bispap123.htm