On the challenges of CBDC. Privacy seems to be the major concern. Thus far pilots in China and Nigeria have gotten off to q slow start. Central banks’ digital currency plans face public backlash – https://on.ft.com/405hiig via @FT
https://www.theguardian.com/business/2021/aug/10/will-central-bank-digital-currencies-dethrone-the-dollar?CMP=Share_AndroidApp_Other
China regulation of crypto crushes the market. And with the Colonial Pipeline attack highlighting the role of crypto in ransonware, further regulatory risk will hang over the market. As a $2T market, crypto can’t be dismissed, but those who think crypto is the best hedge against fiat currencies may have second thoughts. And as I’ve …