2min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

The Paranoia of CBDCs in China

Antonio: There's no one good definition in this case I was just referring to maybe a retail CBDC whereby we would be banking directly with the Federal Reserve. That's actually kind of similar to like holding treasuries directly so you're lending to the government itself and then but then on top of that would be some payment system that'd be layered on top of it. Well China has a version they've effectively had a quasi CBDC in the sense that we chat and Ali pay that the two primary ways of doing payments in China.

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