What are central bank digital currencies (CBDCs), and why are they crucial to the future of global power? A new book explains – and warns the West needs to act now.
Articles on Central bank digital currencies (CBDC)
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Countries around the world could adopt their own digital currency yet there is still work to be done by central banks to weigh up the risks and benefits.
Recent Bank of Canada findings that showed Canadians have misgivings about a central bank digital currency should serve as a wake-up call that policymakers must do more to bridge the trust deficit.
To encourage the widespread use of eNaira, Nigeria will have to fix its infrastructure, train financial services staff and ensure data privacy for users.
While a digital national currency does have the potential to mitigate key financial issues, we cannot ignore the democratic risks such a currency could introduce without safeguards.
The UK economy could benefit from a digital pound, but is there a role for crypto?
Central banks worldwide are racing to implement national digital currencies, yet democratic considerations are hardly discussed in public. This has to change.
Some foreign officials promoting central bank digital currencies want to be able to track and limit transactions in real time.
Top contributors
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Postdoctoral Fellow, Digital Society Lab, McMaster University
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Professor of Law, University of East London
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Professor and Head, School of Business, Monash University Malaysia
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PhD Candidate, Political Science, McMaster University
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Senior lecturer, Canberra School of Government, University of Canberra
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Associate Professor, Technology and Innovation, University of Technology Sydney
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Assistant Professor, Warwick Business School, University of Warwick