Global CBDCs Are Coming

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Central Bank Digital Assets

I was a little astonished when I reviewed the Deloitte article on the experimentation of CBDC globally. I thought I had a good grasp of the CBDC in the works, but their comprehensive look made me realize I need a bigger staff. The breath is much more expansive and much further along than I had thought from reading individual articles. The map I posted below just cemented my reading and made me realize how much our current financial system will change in the coming years as a result of CBDC adoptions. This will have a dramatic affect on the US Dollar unless we somehow gain a bigger foothold.

We have a lot in the works; a Brazil Digital Real, Eastern Caribbean Dcash, Bahamas Sand Dollar, Canada’s E Dollar by Jasper, e-CNY in China, Digital Yen by Stella, Hong King CBDC by LionRock, Thailand CBDC by Inthanon and LionRock, Australia CBDC project Atom, South Africa CBDC by Khokha, India is looking at a Digital Rupee, a digital Euro by Stella, France is looking at CBDC, United Kingdom has hired RSCoin to research and launch CBDC, Sweeden is working on the e-krona, and Switzerland is working on the e-franc. So I count 16 CBDC’s excluding the US. I would say that central banks have really ramped up global experimentation with digital assets. I can’t help but wonder how much the high dollar is affecting those decisions and how many of these CBDC will ultimately sell NFT’s in some way for more tax revenue?

If you have time, I attached the Deloitte PDF about Global CBDC that is probably a must-read or will become a must-read soon enough. It’s fourteen pages and takes about twenty minutes to read.

Deloitte-Experimentation-of-CBDC-Globally-1

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