Central Bank Digital Currency: Assessing Risks and Dispelling Myths

CNN's John Defterios and Norbert Michel have written a paper on central bank digital currency. The benefits sound great on paper, but once you actually ask what this is going to do, as far as benefits for consumers on the street go, it's not much of anything," they say. "It's about as effective as if the government went out and took everyone's cash and gave them visa prepaid cards"