Why CBDCs are growing as a focus for governments, and what impact digital dollars or yuan could really have on bitcoin.

This episode is sponsored by Nexo.io and Casper.

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CBDCs and the digital dollar

On today’s episode, NLW provides a 101-style overview of central bank digital currencies, looking at:

  • Why governments are interested in CBDCs
  • Why Facebook’s libra announcement accelerated CBDC development the world over
  • Why China’s CBDC efforts are driven by an attempt to shift power in the U.S. dollar-led global economy
  • How the U.S.’ rhetoric around a digital dollar CBDC is changing
  • Why CBDCs are likely to be good for bitcoin

See also: What Governments Should Do in the Coming Global Monetary Competition

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