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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
Image credit: Overearth/iStock/Getty Images Plus
