Central Bank Digital Currencies (CBDCs) are Advancing Steadily

Is the US developing a CBDC?

In May of 2021, the Digital Dollar Project (DDP), a partnership between the Digital Dollar Foundation and Accenture (NYSE: ACN) began at least five pilot programs to explore and advance the implementation of a US Central Bank digital currency (CBDC).

A CBDC is a virtual form of a¬†fiat currency, keeping an electronic record of a country’s official currency.

  • It is issued, owned, and regulated by the nation’s central bank, with the design and implementation under that bank‚Äôs authority
  • Because CBDCs are a centralized form of¬†currency, they have the potential to erode the privacy of citizens
  • Unlike Bitcoin, CBDC tokens are not decentralized
  • CBDC Tokens are not finite in number and could experience hyperinflation
  • Many countries are exploring the use and implementation of CBDCs

This January, (01/27-28/2022), the Government Blockchain Association (GBA) will present ‚ÄėThe Future of Money, Governance, & the Law‚Äô, live in Washington DC and streamed globally.

Learn how CBDCs will change how we view money, how DeFi is creating new opportunities, how Money, Inflation, and Debt will play out over the next decade, and how cryptocurrency is impacting governments around the world.

For more information and TICKETS go to

https://gbaglobal.org/gba-staging/event/the-future-of-money-governance-and-the-law-washington-dc/

 

 

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