"but aren't almost all currencies already digital?" Nope. Individuals cannot own digital dollars. I have dollars in my checking account, but these aren't real

"but aren't almost all currencies already digital?" Nope. Individuals cannot own digital dollars. I have dollars in my checking account, but these aren't real dollars. If I have $100 in my checking account, this means Schwab owes me $100. It doesn't mean that I have $100. It doesn't even mean Schwab has $100. https://www.encona.com/posts/central-bank-digital-currencies-misunderstanding https://www.encona.com/posts/central-bank-digital-currencies...