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Showing posts from May, 2023

Central Bank Digital Currency Tracker

If a CBDC were to be introduced, it would be denominated in pounds sterling, just like banknotes, so £10 of CBDC would always be worth the same as a £10 note. CBDC is sometimes thought of as equivalent to a digital banknote, although in some respects it may have as much in common with a bank deposit. Any CBDC would be introduced alongside – rather than replacing – cash and bank deposits. Bordo also pointed to negative rates as an important feature of digital currencies. With a digital currency, the zero bound does not exist, allowing for aggressive action when needed. Yermack said the move by the Biden administration pointed to what he believes is a certain inevitability of the broader move toward digital currencies. Payments should be made anonymously, for instance through digital currencies relying on blockchain technology and prepaid credit cards. The hacker group should make sure that anonymous registration information is provided. Besides that, the hacker group should tread car