#cbcd: 19 Countries Creating or Researching the Issuance of a Digital Decentralized Currency
▻https://hackernoon.com/cbcd-19-countries-creating-or-researching-the-issuance-of-a-digital-dece
Our current monetary system is comprised of state-backed fiat currency.While the actual money-changing-hands approach has seen a steady decrease, hence we might be moving towards a cashless society, and digitally transferring funds is considered favorable payment solution, countries like Sweden and Canada are researching the issuance of digital decentralized currency.Nationwide trade restrictions, issued by one of the world’s most powerful countries, the US, are also a reason for issuing a digital decentralized currency, or the more commonly referred to Central Bank Digital Currency (CBDC).In a speech about CBDC, Christine Lagarde, Managing Director of the IMF stated:‘The case is based on new and evolving requirements for money, as well as essential public policy objectives. My message is (...)