The Breakdown cover image

The US Appears in No Rush on CBDCs

The Breakdown

00:00

Is China a Central Bank Digital Currency?

The us. Dollar represents 60 % of global reserves, 88% of global currency trades and more than 65 countries peg their currencies to the us. Cbd c supporters have cited national security concerns in a race against foreign competitors with physical bank notes. Existing banks note that allowing the public to hold accounts directly with the fed would disrupt their capital base. The main concerns were loss of privacy and damage to the us Financial system.

Play episode from 10:16
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app