The Breakdown: The Central Bank Digital Currency Issue Explained￼
April 22, 2022
The rise of digital assets is a revolution in the digital and financial world; for the first time, consumers can make direct money payments across the globe at the speed of the internet. The widespread use of digital assets would allow consumers to transfer money near-instantaneously rather than rely on a series of intermediaries to conduct a single transaction.
The extraordinary promise and rise in popularity of digital assets are prompting lawmakers, regulators, and economists to examine tools such as a Central Bank Digital Currency (CBDC). What is a CBDC, and how would it affect your finances? Any why is it so controversial? FreedomWorks breaks down the issue for you!