AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Exploring Central Bank Digital Currencies (CBDCs)
This chapter discusses the concept of central bank digital currencies (CBDCs) and the growing interest in them by governments worldwide. It highlights the evaluation being conducted by the Fed and other major countries on the benefits of introducing a digital form of currency. The chapter also mentions recent statements from US Treasury Secretary Janet Yellen and raises concerns about privacy and government control over transactions.