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.
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.