How CBDCs Give ‘Absolute Control’ to Central Banks

Today on the Brief:

• China-U.S. talks
• U.S. spending coming back
• A virtual casino hiring IRL people 

Our main discussion looks at central bank digital currencies and why they’re so appealing for bankers, especially compared to cash. NLW discusses:

• Recent comments from Fed Chair Jerome Powell on why any CBDC would be complement cash
• Comments from Agustin Carstens about how much oversight CBDCs provide
• Why privacy advocates are nervous about the coming CBDC era 

-- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com