" Countries are exploring the launch of central bank digital currencies now more than ever. Why?
2020 will go down in history as The Year™ of many things: COVID, of course; the year of one of the most divisive US presidential elections in history. (And, perhaps for some crypto hopefuls, the year that Bitcoin regained $20k.)
However, 2020 will also likely go down in history as the beginning of a new financial era: one that is primarily digital in nature. Specifically, 2020 may be remembered as the year that central bank digital currencies, or CBDCs, entered the international financial policy conversation in a serious way.
Indeed, for the past several months, it almost seems as though another country or international body is announcing a new study, pilot program, exploration of, or report on how a CBDC might work in its jurisdiction.
In addition to China, which announced the upcoming launch of its own national digital currency several years ago, several other nations have announced plans... " - Read Full Article
Source: financemagnates
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