The large story
Is the digital greenback lifeless?
July 2023
In 2020, digital currencies had been one of many hottest subjects on the town. China was effectively on its solution to launching its personal central financial institution digital forex, or CBDC, and plenty of different international locations launched CBDC analysis tasks, together with the US.
How issues change. Three years later, the digital greenback—despite the fact that it doesn’t exist—has turn out to be political purple meat, as some politicians label it a dystopian software for surveillance. And late final 12 months, the Boston Fed quietly stopped engaged on its CBDC challenge. So is the dream of the digital greenback lifeless? Learn the total story.
—Mike Orcutt
We will nonetheless have good issues
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