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Mohammed Abdullah

Central Bank digital currencies


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They aren't miles away, but at the same time they aren't around the corner. CBDC's are in the process of being developed and some CB's have started trials, Sweden and China come to mind. The majority of central banks have been looking into creating their own cryptos with some further ahead than others.

The one thing I would say though is that they won't be like bitcoin. I read an article from a newsletter called macrodesiac which explained that although they will use the same or similar technology, the central banks will still maintain control. Which means it won't really be like bitcoin or etherum etc. But yes they are being developed and yes some countries are trialling them, so they shouldn't be too far off. 

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