hm…muh digital currency
Countries set to launch e-money this year
The rise of cryptocurrencies has driven central banks to attempt a similar – digital – approach to monetary policy. Jamaica just announced it successfully tested its CBDC, and several other nations are ready to launch theirs.
CBDC stands for ‘Central Bank Digital Currency’ – a country’s fiat currency in the form of a digital asset, which, unlike cryptocurrencies, is controlled by the official monetary authorities – usually central banks. So far, only two countries in the world use a CBDC (The Bahamas and Nigeria). However, other nations have been working on a CBDC release of their own.
Jamaica
China
Kazakhstan
Russia
Brazil
https://www.rt.com/business/545072-new-cbdc-releases-2022/