Future of Money
CBDC is the digital form of the plutocrat issued by the central bank. Those in the process are supported by the central bank and represent the plutocrats, who are the direct responsibility of the central bank. Several central banks are experimenting with the CBDC, albeit with the utmost caution in the early stages, says Prasad. China, Japan, Sweden and Nigeria have launched CBDC exams and the Bank of England and the European Central Bank are preparing their own exams. The Federal Reserve is reluctant to start implicitly developing the CBDC, but President Jerome Powell has said the central bank is fully exploring the possibility. The technology of each CBDC depends on the preferences of the country and its central bank….
