The Dangerous Implications Of Central Bank Digital Currencies
There are a variety of reasons consumers should be wary of developments surrounding central bank digital currencies.Natalie Smolenski is a senior advisor at the Bitcoin Policy Institute and executive director of the Texas Bitcoin Foundation, and Dan Held is a Bitcoin educator and marketing advisor at Trust Machines.This article is an excerpt from the Bitcoin Policy Institute whitepaper “Why the U.S. Should Reject Central Bank Digital Currencies (CBDCs),” written by Natalie Smolenski with Dan Held.CBDCs are digital cash. Unlike traditional (physical) cash, which can be....
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Central bank digital currencies can have broad implications for the global balance of power, experts say.