When it comes to China’s central bank digital currency (CBDC), questions abound. Is China building a competitor to bitcoin? Does China’s CBDC efforts, known as eCNY, mean the US needs a CBDC? If you were to survey Twitter and the blogosphere, you would get a series of mixed answers for the above questions. With a project as momentous as China’s eCNY there’s bound to be significant misinformation out there. After all, there are dozens of other CBDC projects in the works and while they have a similar objective to China’s CBDC they differ significantly under the surface. “The rapid development and adoption of the eCNY ... (full story)