CBDCs – the future of banking or an Orwellian Nightmare? 

Published by
City AM

By Darren Parkin by Susie Violet Ward Central bank digital currencies are digital tokens pegged to a fiat currency of the issuing central bank. They are similar to cryptocurrency in so far that they use blockchain technology. Put simply, it’s a programmable digital coupon issued by a central bank or government. Many countries are working on the development of CBDCs, and some have already implemented them. China is the first major economy to pilot a CBDC with many other countries actively working on ways to transition to digital currencies. The FED Dollar has recently completed its first succes…

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