© Reuters. Yaya Fanusie, a cryptocurrency researcher and former CIA analyst, believes the United States government’s relatively slow start on central bank digital currency (CBDC) development may result in it losing its grip on the global financial system. Fanusie, the policy head at crypto advocacy group, the Crypto Council for Innovation, explained in a Feb.
Central bank digital currencies (CBDCs) are digital versions of fiat currencies that are backed and issued by central banks. Here are five ways in which CBDCs could impact the global financial system. CBDCs might make payments quicker and more efficient because they would do away with the need for intermediaries. Costs could be brought down
Central bank digital currencies (CBDCs) are digital versions of fiat currencies that are backed and issued by central banks. Here are five ways in which CBDCs could impact the global financial system. CBDCs might make payments quicker and more efficient because they would do away with the need for intermediaries. Costs could be brought down