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Central Bank Digital Currencies: What we Know so Far

Rise of CBDCs by chris@kilmerco.com

References

What Nations are Considering CBDCs?

  • https://www.atlanticcouncil.org/cbdctracker/
  • https://www.atlanticcouncil.org/blogs/econographics/a-report-card-on-chinas-central-bank-digital-currency-the-e-cny/
  • https://techcrunch.com/2022/01/18/chinas-digital-yuan-wallet-now-has-260-million-individual-users/
  • https://www.thebalancemoney.com/what-is-a-petrodollar-3306358
  • https://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-And-Russia-Sign-New-Military-Agreement.html
  • https://www.thenationalnews.com/gulf-news/saudi-arabia/2022/12/09/saudi-arabia-and-china-sign-partnership-deals-in-oil-trade-and-politics/
  • https://www.investopedia.com/terms/b/brics.asp
  • https://www.kitco.com/news/2023-07-07/Russia-confirms-BRICS-will-create-a-gold-backed-currency.html
  • https://watcher.guru/news/41-countries-ready-to-accept-brics-currency-before-summit

First International CBDC was Launched

  • https://www.tradingview.com/news/coinedition:7c12bb235094b:0/
  • https://www.europarl.europa.eu/news/en/press-room/20230327IPR78511/new-eu-measures-against-money-laundering-and-terrorist-financing
  • https://www.nfcw.com/2023/03/02/382364/european-central-bank-sets-out-timeline-for-digital-euro-rollout/

Is America Making a CBDC?

  • https://finance.yahoo.com/news/digital-dollar-project-publishes-updated-120000795.html
  • https://www.businesswire.com/news/home/20221115005936/en/Members-of-the-U.S.-Banking-Community-Launch-Proof-of-Concept-For-A-Regulated-Digital-Asset-Settlement-Platform
  • https://home.treasury.gov/news/press-releases/jy1314
  • https://www.frbservices.org/financial-services/fednow/about.html
  • https://news.yahoo.com/banking-giants-york-fed-start-150156941.html
  • https://www.msn.com/en-us/money/markets/fed-announces-july-launch-of-new-fednow-system-for-live-transactions/ar-AA18GnaL
  • https://www.congress.gov/bill/116th-congress/senate-bill/3571/text

Fed Now gives banks the tools they need to prevent future bank crises

  • https://www.reuters.com/business/finance/banks-can-manage-outflow-risk-feds-new-payment-service-system-mester-says-2023-07-12/

How is Texas Responding?

  • https://www.kitco.com/news/2023-04-06/Texas-moves-to-create-gold-backed-digital-currency.html
  • https://capitol.texas.gov/tlodocs/88R/billtext/html/HB04305I.htm

Advantages of a CBDC

  • https://www.forbes.com/sites/forbesbooksauthors/2023/02/07/the-advantages-and-drawbacks-of-central-bank-digital-currencies/?sh=15fc3207109e
  • https://www.cnet.com/personal-finance/crypto/central-bank-digital-currencies-everything-you-need-to-know/
  • https://quickpenguin.net/advantages-and-disadvantages-of-a-cbdc/
  • https://identitytheft.org/statistics/

Do the "unbanked" want a CBDC?

  • https://www.federalreserve.gov/newsevents/speech/waller20210805a.html

Some Fear America Might End up Like China

  • https://youtu.be/bxdIKBZyGak
  • https://youtu.be/NXyzpMDtpSE
  • https://youtu.be/WdlH9sd4aDk
  • https://www.dailymail.co.uk/news/article-12269623/Banks-ANZ-NAB-no-longer-permit-large-cash-withdrawals-customers-told-book.html

Americans Are Voicing Their Concerns

  • https://youtu.be/-oj_Sk6vrNU
  • https://youtu.be/nOvTOTsUcsg


These reference sites are provided for informational purposes only and should not be viewed as an endorsement, sponsorship, solicitation or other affiliation with respect to any third parties or their content. United Planners Financial Services has not reviewed the content of, and are not responsible for, the information on any third-party websites.