Central Bank Digital Currencies (CBDCs)


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11/18/2022 16:15:40

Dwelling Dragonlord

ArchKnight AQ / OOC / L&L

In the aftermath of the FTX scandal the Federal Reserve Bank of New York announced that it would team up with global financial institutions to launch a 12-week digital dollar pilot program called the "Regulated Liability Network".

According to the Atlantic Council at least 112 countries are considering CBDCs.

So what are CBDCs? Essentially, they are programmable currencies that make use of blockchain technology like Bitcoin issued by central banks.

This thread is to discuss "Central Bank Digital Currencies" or CBDCs and their merits and downsides.

AQW

Post #: 1

12/22/2023 19:07:59

Wilderock
Member

I thought the idea was not to be centralized.

Post #: 2

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