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A comment on IMF says central bank digital currencies can replace cash.

Re:IMF says central bank digital currencies can replace cash by porompompero on Monday November 20, 2023 @03:31AM (#38344695)
What about a quantum computer breaking the encryption system of the digital currency of an entire continent, is this a sensible scenario?
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Re:IMF says central bank digital currencies can replace cash by gruez on Monday November 20, 2023 @03:48AM (#38344936)
1. post quantum cryptography algorithms are being developed

2. the current banking system is already effectively broken. Baddies can forge banknotes and can social engineer financial institutions to perform fraudulent transactions. Despite that we have measures to keep such activities under control. I don't see why this can't be extended to CBDCs.

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Re:IMF says central bank digital currencies can replace cash by gizajob on Monday November 20, 2023 @07:53AM (#38347269)
Nevertheless, the world isn’t sloshing with forged banknotes.
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