May 29, 2023

This is an opinion editorial by Pierre Gildenhuys, the co-founder of a Hong Kong based social environment tech startup.

Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced rapidly and it is expected that some nations such as Australia, South Korea and the U.S. will start implementing CBDCs in the near future, following the lead of China, who recently began launching theirs in early 2022.

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