CBDC: Are We on the Brink of Financial Lockdown?by@Wiligut
3,257 reads

CBDC: Are We on the Brink of Financial Lockdown?

December 7th 2022
10 min
by @Wiligut 3,257 reads
tldt arrow
Read on Terminal Reader

Too Long; Didn't Read

Over 100 countries are exploring CBDCs, with Australia’s central bank trialing a digital currency to explore “innovative ways” for homes and businesses to make payments and transfer funds. CBDC is short for central bank digital currency, and is a digital token, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country's fiat currency. A report by the Tony Blair Institute For Global Change said CBDC can increase financial inclusion.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - CBDC: Are We on the Brink of Financial Lockdown?
Roman Wiligut HackerNoon profile picture

@Wiligut

Roman Wiligut

About @Wiligut
LEARN MORE ABOUT @WILIGUT'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa