The Pros and Cons of CBDC Development

Nearly every G20 country has invested a significant amount of time and resources into these projects over the past six months. 18 of the G20 countries are now in the advanced stages of CBDC development. Overhauling the current financial system could create instability, according to John Defterios. The effectiveness of monetary policy may deteriorate as there is a loss of ability to transact anonymously.