It will be interesting to see who does and who does not. The US is still standoffish about it. It looks like Europe might jump in after the Chinese.
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It will be interesting to see who does and who does not. The US is still standoffish about it. It looks like Europe might jump in after the Chinese.
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Europe-- most especially the EU-- went into negative interest rates big-time, so it's no surpise that Europe would go into CBDCs sooner than the US.
However, I'm still surprised that Switzerland went negative. Given their sound money tradition and steadfastness in maintaining banking privacy, I thought the Swiss knew better. It looks as if Switzerland is now just another country as far as banking is concerned.
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