Scenarios about 'central bank digital currency'
Central bank digital currencies (CBDCs) are government-issued digital money directly controlled by national monetary authorities. These digital versions of sovereign currencies aim to combine the efficiency of cryptocurrency technology with the regulatory oversight and stability of traditional fiat money. In alternate history scenarios, earlier CBDC implementation could dramatically reshape financial systems, privacy concepts, and the balance of power between governments and private financial institutions.
What If India's Digital Rupee Replaced the Dollar in Asian Trade?
Exploring how global financial systems and geopolitical power would transform if India successfully launched a digital currency that became the dominant medium of exchange across Asia, challenging the US dollar's seven-decade hegemony.