Should a CBDC really be like cash?
Electronic and physical cash are fundamentally different and must be treated as such
US President Joe Biden’s March 2022 executive order, ‘Ensuring responsible development of digital assets’, included a directive for the director of the Office of Science and Technology Policy (OSTP) and the chief technology officer of the United States to submit a report on central bank digital currency (CBDC) to the president. This report, the Technical evaluation for a US central bank digital currency system, was published in September.
The report (spoiler alert) doesn’t make any
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