Central-bank digital currencies are coming—whether countries are ready or not

Central-bank digital currency” doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.

Britain Ponders Controversial Digital Currency

Britain’s finance minister has confirmed that Britain wants to explore a Central Bank Digital Currency (CBDC) that critics say could lead to a global cashless society in which all transactions are traceable by the government.

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