‘The Wild West of finance’: CBDCs, crypto and privacy in a digital age

Source: siliconrepublic.com siliconrepublic.com

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Dr Hitesh Tewari explains CBDCs and why we should all consider the privacy implications before adopting government-sanctioned digital currencies. CBDCs or Central Bank Digital Currencies are a growing phenomenon that have the backing of many governments around the world. However, given the recent multi-billion dollar collapse of FTX and the sudden large fluctuations in the valuation of crypto tokens like Bitcoin over the past few years, many people have become weary of the crypto ecosystem that has mushroomed in a short space of time. To many observers, crypto is the Wild West of the financial world where there are very...