It’s now or never — The US has to prepare itself for digital currency
Welcome to the world of central financial institution digital currency, or CBDC, the place large international locations like China and small international locations just like the Bahamas are attempting to mark their presence. It’s a world the place 86% of the world’s central banks are attempting to create digital currencies. Almost 60% of them are engaged on the idea and 14% have already launched a pilot program.
Related: Did CBDCs have an effect on the crypto house in 2020, and what’s subsequent in 2021? Experts reply
Lyle Solomon is a principal lawyer for the Oak View Law Group in California, the place he focuses on shopper chapter. In addition to his intensive litigation expertise, Solomon has written a number of articles on monetary well-being.
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