“Sand dollar”, “e-crown” … States are embarking on the race for cryptocurrencies

“Sand dollar”, “e-crown” … States are embarking on the race for cryptocurrencies

“Sand dollar”, “e-crown” … States are embarking on the race for cryptocurrencies

INVESTIGATION – From Europe to the United States via China, the most advanced on the subject, central banks are considering creating their own digital currencies, fearing to be overtaken by Facebook.

Around the world, the idea of ​​a state cryptocurrency is gaining ground. While bitcoin continues to make the news by reaching dizzying heights and attesting to a growing interest in digital currencies, central banks are also working on the issue.

By the end of 2020, some 86% of central banks had launched work to assess the advantages and disadvantages of a central bank digital currency (CBDC), i.e. a digital version of their own currency, against 80% at the end of 2019 and 70% at the end of 2018, according to a BIS report. On February 24, the Fed, the US central bank, published a document listing the prerequisites for launching such a project. Its president Jerome Powel also raised the possibility of a citizen consultation in order to obtain the opinion of the Americans on the launch of a digital currency. Europeans were also invited to vote on the creation of a «euro digital»

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