https://www.bis.org/publ/othp33.pdf
Hello all, this is my first post on this subreddit. I will try to be informative and brief.
7 of the worlds' central banks released a report on Friday, outlining their findings on CBDC (central bank digital currencies). In the 26 page document, neither Bitcoin nor any existing digital currency was mentioned once. The fundamental qualities that make bitcoin valuable stand in direct conflict with the desires a central bank would have in creating a digital currency (namely, to control the money supply). Therefore, why on earth are central banks considering the issuance of their own currencies? It is because they are finally seeing bitcoin as a direct threat to their power.
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