Money Transformed: The Essential Collection of CBDC Resources

CBDCs are coming to Europe, China, Hong Kong, and India; stay ahead, seize the opportunity

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Thanks for your support! This special article is a curated collection of my best articles that discuss central bank digital currencies (CBDC.)

CBDCs have become a controversial topic with opponents accusing them of being too closely associated with the government, which will allow for spying and shutting off your money.

This narrative is so powerful that the US is now digitizing the US dollar with stablecoins rather than CBDC.

The irony, of course, is that under the GENIUS Act, stablecoins and CBDCs are not as different as made out by the predominantly pro-crypto press.

Both will have AML/KYC requirements that are similar to a bank or CBDC transfer, and the ability of the government to shut down a stablecoin wallet is no different than a CBDC wallet.

Meanwhile, in giving up on CBDCs, US stablecoin users will take the credit risk of the stablecoin issuer and forfeit the government guarantee that makes CBDCs risk-free.

Is it a fair trade? I don’t think so but I do firmly believe that stablecoins represent a big step forward and look forward to their adoption. They’re not bad, but in my view are an inferior product to CBDCs.

CBDC pilots are still going strong in China and India, and if we are to believe the most recent BIS survey, we’ll have around 15 CBDC launches by 2030.

Our world will have CBDCs and stablecoins, and both are welcome additions as they allow for 24/7/365 immediate cash transfer. That’s a great development for everyone!

Below are a series of articles covering the digital euro, dollar and pound. I also have two articles explaining why nations with fast mobile payment systems still can benefit from issuing a CBDC.