Blockchain and Cryptocurrency: People, Culture and Tech
As a consequence of it being classified as part of the cash supply, the upcoming CBDC will have to comply with the laws that currently regulate cash. This includes the mandatory acceptance of the digital currency as a means of payment.
Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.
According to the report, the proliferation of CBDCs could jeopardize the euro's status as the world’s second most important currency. However, dGen believes that a digital euro could help remedy this, and potentially help strengthen ties between member states in the increasingly fractured European Union.
The central bank of South America’s largest economy explained that the study’s objective is to evaluate the benefits and overall impact of the issuance of a digital version of the Brazilian fiat currency—the real.
