I’m Taylor Kenny with ITM Trading. While most of you probably are already familiar with CBDCs, it has never been more important to understand what is coming and how it could impact you as the U.S. continues to move forward with research and development. For those of you that don’t know, we’re talking about CBDCs or central bank digital currency, which is a new form of virtual money.

CHAPTERS:
0:00 Basics of CBDC’s
1:04 Who wants CBDC’s
1:28 US Government List Benefits
4:09 Envisioning a CBDC World
5:26 Protecting Privacy
7:34 Adoption
7:53 Get Protected

SOURCES:

https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-central-bank-digital-currency-cbdc

https://www.federalreserve.gov/cbdc-faqs.htm

https://www.forbes.com/advisor/investing/digital-dollar/

Coming soon: America’s own social credit system

https://www.wsj.com/articles/surveillance-risks-shape-how-central-banks-test-digital-currencies-11647941400

https://www.imf.org/en/Publications/fandd/issues/2022/09/Picture-this-The-ascent-of-CBDCs

https://www.cnn.com/2022/02/20/americas/canada-trucker-protest-covid-sunday/index.html

https://www.businessinsider.com/trudeau-canada-freeze-bank-accounts-freedom-convoy-truckers-2022-2

https://fortune.com/2022/03/15/how-canada-protest-crypto-crackdown-made-the-case-for-bitcoin-self-custody-nick-neuman/

https://cbdctracker.org/

https://www.forbes.com/sites/digital-assets/2023/05/31/cato-survey-shows-few-americans-support-central-bank-digital-currencies/?sh=4187b5d666e8

https://www.forbes.com/advisor/personal-finance/fednow-faqs/

https://www.cbsnews.com/news/cryptocurrency-biden-executive-order-digital-dollar/

https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4

China’s digital yuan wallet now has 260 million individual users