CBDCs not worth the costs and risks, says former BoE advisor

Tony Yates, the former senior adviser of the Bank of England, argues that CBDCs are not worth the headache.

Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions of the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities and made it available for use at the Winter Olympics.

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