Digital Currency – What does it take to launch a CBDC?

China’s digital yuan has been in the WORKS SINCE 2014. The launch date, however, still remains unknown The Riksbank, Sweden’s central bank, has announced the launch of a YEAR-LONG PILOT PROJECT of its proposed e-krona. A digital dollar has been proposed in three recent draft bills through Congress. However, it has not passed yet which would indicate the infrastructure required is not close to being DEVELOPED FOR REAL WORLD USAGE. Over the last few months, there has been a lot of buzz around “Digital Currency”. Coined “Central Bank Digital Currency” or CBDC, this novel currency refers to the digital version of fiat money. CBDC,…...