Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem.
The reason for this is that there are too many expectations on an international level associated with state-controlled digital currencies. Major hopes are related to the internationalization of some currencies like the Chinese Yuan. But, in the case of the Chinese e-CNY – which is the digital Yuan – the main purpose of introducing the digital currency was to replace cash and to get a crackdown on other money substitutes which were used to make online payments via WeChat and other applications with internal payment system.
So, with the major implantation of an e-CNY, the Peoples Bank of China (PBOC) is expected to continue to eradicate cash to get full control over money circulation in the country. Following this logic, internationalization of the Yuan woul
Źródło: https://cryptoslate.com/tomiex-cbdcs-would-eventually-lose-competition-to-global-stablecoins/
