The massive story
Is the digital greenback useless?
July 2023
In 2020, digital currencies had been one of many hottest subjects on the town. China was nicely on its technique to launching its personal central financial institution digital forex, or CBDC, and plenty of different nations launched CBDC analysis tasks, together with the US.
How issues change. Three years later, the digital greenback—despite the fact that it doesn’t exist—has turn out to be political purple meat, as some politicians label it a dystopian software for surveillance. And late final yr, the Boston Fed quietly stopped engaged on its CBDC challenge. So is the dream of the digital greenback useless? Learn the complete story.
—Mike Orcutt
We will nonetheless have good issues
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