Global CBDC Developments Highlight Transatlantic Divide in Financial Technology

According to Cointelegraph, the global push for central bank digital currencies (CBDCs) is raising concerns about increased control over the money supply and personal savings by financial institutions. This development is accentuating the divide between the United States and Europe in terms of financial technology. CBDCs are digital representations of fiat currency issued on a permissioned, private blockchain, typically managed by a central bank, contrasting with decentralized blockchain networks. Susie Violet Ward, a financial analyst and CEO of Bitcoin Policy UK, cautioned that CBDCs could represent the "weaponization of money in its purest form source: https://www.binance.com/en/square/post/28793670931514?utm_source=BinanceNewsRSS