Debate Rages on Whether a Digital Dollar Will Unleash Inflation
Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.
Central bank digital currencies can have broad implications for the global balance of power, experts say.
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.
In a wide-ranging speech, Xi said the G20 “needs to discuss developing standards and principles for central bank digital currencies.”
Central bankers hope the CBDC will help restore confidence in Lebanon's shaky banking sector.
The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.