2 ms·

I don't get what is really fundamentally new about CBDCs; currencies are already de facto digital.

• seunosewa 4y ago
  Bypassing the banks. CBDCs are directly controlled by central banks.
  • HPsquared 4y ago
    Regular banks are already indirectly controlled by central banks.
• ssivark 4y ago
  For starters, settlement becomes simpler. You’d be surprised at how archaic current settlement systems are. The Reserve Bank of India’s concept note on CBDCs is actually a nice starting point to understand the motivations (see Chapter 3): https://web.archive.org/web/20221105065458/https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/CONCEPTNOTEACB531172E0B4DFC9A6E506C2C24FFB6.PDF https://web.archive.org/web/20221105065458/https://rbidocs.r...
• walterbell 4y ago
  One possible difference: legal tender vs. IOU status.