🏦There’s a lot less talk of CBDCs these days, but the idea hasn’t gone away. The US has committed to ensuring they won’t have a CBDC. However, many other countries are still exploring the idea.

CBDCs, or central bank digital currencies, are forms of regular fiat money on the blockchain. Unfortunately, these will be “centralized blockchains” that are fully managed by the central bank. They will enable a high degree of financial surveillance and control.