Latest / On The Record with Christian Briggs
Summer 2023 - Current State of CBDCs
This episode pulls back the curtains on the current state of CBDCs. FedNow has launched on July 20th, phase one of the United States CBDC rollout. A CBDC is simply a digital fiat that’s issued by that country’s centralized banking system. It is NOT a decentralized cryptocurrency. The issuing authorities like central banks will set the rules for CBDCs, as opposed to crypto networks, where the users will control the networks by making conscientious decisions. Senators Bernie Sanders and Elizabeth Warren are trying to get rid of CBDCs because they don’t want citizens to have the freedom and…
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