The Future of Money: Central Bank Digital Currency Explained

"I wanna play for you 3 clips that explain this is the Bank for International Settlements this is the International Monetary Fund and this is the World Economic Forum. And they're going to tell you what I just told you in their own words They're saying the quiet part out loud in particular for the use of general use we tend to establish the equivalence with cash. And there is a huge difference there For example in cash we don't know for example who's using a one hundred dollar bill today we don't know who is using a one thousand peso bill today. A key difference with the CBDC is that central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability and also we will have the technology to enforce that Those 2 issues are extremely important and that makes a huge difference with respect to what cash is third way we think CBDC can improve financial inclusion is through what we call programmability... "

@EconomicWarRoom