CBDC Means Central Bank DIRECT Control (Central Bank Digital Currency Is Frought With Moral Hazard Risks)
by confoundedinterest17 Central bank digital currencies (CBDCs) are the digital form of a government-issued currency that isn’t pegged to a physical commodity (in other words, CBDCs are digital FIAT currency). They are similar to cryptocurrencies, except that their value is fixed by the central bank and equivalent to the country’s fiat currency, which is the US Dollar. …