On July 5, Germany rejected the idea of issuing a central bank-issued digital currency (CBDC) — the Ministry of Finance deemed it would be “too risky” to implement one.
The concept of CBDCs, or national digital currencies — the scenario in which the trend of digital currencies gets adopted by a federal regulator, essentially under its rules, with the central bank issuing digital fiat money, rather than cryptocurrencies in their most popular, decentralized form and becomes not only a regulator, but clients’ account holder as well — has attracted many governments across the world. Some of them have already implemented the idea, some keep researching, while others — like Germany — have dismissed the idea altogether. Here’s a list of those countries along with their reasonings for/against CBDCs.
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