Central bank digital currencies (CBDCs) have only recently become a widely discussed topic among influential figures in academia, media, and public policy institutions. However, initiatives to implement CBDCs around the globe have existed for years, especially in countries with autocratic governments, such as China and Russia. As of September 2023, 131 countries have explored CBDCs.[1] The Biden administration has also signaled that it’s supportive of a Federal Reserve-backed U.S. CBDC, […]
Budget and Taxes Tip Sheets
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Central bank digital currencies (CBDCs) have only recently become a widely discussed topic among influential figures in academia, media, and public policy institutions. However, initiatives to implement CBDCs around the globe have existed for years, especially in countries with autocratic governments, such as China and Russia. As of September 2023, 131 countries have said they are exploring CBDCs.[1] The Biden administration has also signaled that it’s supportive of a Federal […]