Excerpt

August 26, 2021, Opinion: "The emergence of central bank digital currencies is inevitable. Research on CBDC design and implementation is under way around the world. China is seven years into the process and has pilot programmes for the e-CNY, or digital yuan. The European Central Bank aims to introduce one by 2025. The Bank of England and Federal Reserve, however, are moving more slowly. And I think they’re right. What’s inevitable isn’t necessarily what’s optimal." Read Via the Financial Times (FT)

HKS MRCBG Senior Fellow - Megan Greene