Forsage crypto executives charged with running $300 million Ponzi scheme
CBSJUL 2022
The RBA is taking a necessary step toward normalizing the already-established cryptocurrency market. The question isn't whether the technology works, it's how the government can best collaborate with crypto industry leaders to ensure a CBDC maximizes the potential benefits of an official currency for all Australians.
While a digital currency certainly has advantages, we should have privacy concerns. A CBDC - which would allow the monitoring and restricting of transactions - could become a government instrument that violates people's financial independence.