Re:HashCow, BTC.TOP have halted China operations after Beiji...
by imtringued on Monday May 24, 2021 @05:26AM
(#27262452)
A bank deposit is just that, a deposit. Your bank owes you x amount of $USD but it doesn't mean it actually has that many $USD in reserve. There is nothing wrong with it because lending is a valuable service to society but it is not the same.
A CBDC is electronic cash. The CBDC $USD in your account are real $USD the same way $USD bills in your wallet are real $USD.
A CBDC is electronic cash. The CBDC $USD in your account are real $USD the same way $USD bills in your wallet are real $USD.