Do you stay alone in the race for CBDCS? The terrible blindness of European elites
The Bank of England is considering archiving its plans to launch a digital pound, in the midst of a growing skepticism on the benefits of digital currencies of central banks (CBDC). According to Bloomberg, British officials believe that private banking industry can innovate in payment methods efficiently without creating a state digital currency, which questions the utility and justification of a CBDC in the United Kingdom.
This position of position leaves Europe practically alone in the commitment to create its own digital currency, the digital euro, and places it in a complex position in front of other great actors such as the United States, which is committed to the stablcoins, and the United Kingdom, which goes back. This debate highlights the tensions between technological innovation and concerns about social control, while questioning if there are really clear advantages in moving towards a centralized digital currency.
