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Why Are All Countries Scrambling to Develop CBDC First?

by CBDC Insider
December 15, 2020
in Business
Reading Time: 1min read
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Why Are All Countries Scrambling to Develop CBDC First?
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At present, the country has reached the second large-scale pilot city, with a total amount of 30 million yuan issued, and a total of 150,000 citizens have won the lottery. It seems that it is very close to our daily life, but the real thing about CBDC is from From a global perspective, this issue cannot be viewed from a domestic perspective alone, because the blockchain itself is a technology that can be used globally.

According to statistics, 42 central banks around the world plan to release CBDCs, and 46 central banks plan to create CBDCs, with a huge R&D weight.

First, let’s look at the motivation for developing CBDC. As early as 2014, some countries have begun to pay attention to the sharp rise of Bitcoin, and the blockchain technology behind it has also begun to be unearthed. However, many countries did not rush to start at that time, but they also found that the emergence of Bitcoin has an impact on taxation. Here comes a big challenge.

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Read more: https://blockcast.cc/news/why-are-all-countries-scrambling-to-develop-cbdc-first/

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