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One issue that seems to be missing from the article is discussion of the ability to monitor transactions in other countries using a CBDC. If like dollars the c
by rapjr9 5y ago
One issue that seems to be missing from the article is discussion of the ability to monitor transactions in other countries using a CBDC. If like dollars the cryptocurrency is used outside a countries borders, then an in-built traceability in the cryptocurrency compromises everyone who uses it, regardless of borders. This would be a good reason to fear a cryptocurrency from China and a good reason for the USA to have their own. It could also become a strong barrier to adoption if countries outlaw other countries CBDC's to protect their citizens privacy making trade payments via CBDC's impossible.