[S3E9] Layered Money with Nik Bhatia
Business Books & Co.
00:00
Central Bank Digital Currency - Are They Reacting or Proactive?
The Federal Reserve wants to do a Fedcoin, but it's going to have to be legislated by Congress. So we might not get one in the US for many years because of politics. Europe is also conscious of this idea that a central bank digital currency can lead to a family firing their commercial bank if they don't need it. These are some of the issues around CBDC right now. But I feel that we'll see it in Europe pretty soon. And by pretty soon, I mean within a few years here.
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