In search of a better definition of digital money

crypto examine microscope - Getty - web.jpg

The absolutely fascinating topic of central bank digital currency is attracting a great deal of (deserved) attention but much of the conversation around the subject is frustrating. I see commentary that almost randomly switches between “digital currency”, “cryptocurrency” and “digital fiat” to the point that the terms are essentially meaningless. We need a framework for discussing the topic in a more productive way.

Let’s begin by exploring what the central concept is all about. Ben Dyson and

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