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Don’t let the US become the only country to ban CBDCs
This week, as part of a trifecta of digital assets legislation, the US House of Representatives is set to take up HR 5403, also known as the “CBDC Anti-Surveillance State Act.” While the bill has received far less attention than the cryptocurrency regulation efforts being moved alongside it, its passage could do significant damage to the future of the dollar and curb innovation across both the public and private sector. Central bank digital currencies, or CBDCs, are a digital form of a country’s fiat currency—like an electronic version of cash. The difference between a CBDC and the money one uses on, for ... (full story)
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