Some takeaways from the panel discussion
Feel free to add/correct/contradict
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CDBCs allow people like you and me to use money from a checking account in a central bank. (Lend, borrow, spend, save, etc.)
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Financial services will be available by digital currency APIs from the central bank
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This immediately changes the role commercial banks are playing. They will no longer be the only intermediary to many financial services
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The technology would provide transparency to monetary policies
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It would also give insight into how money flows in the economy
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Top concerns in CDBCs include the way we handle privacy. As current policies are legacies rather than great designs
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Sophistication of technology & administration power of banks are also important. It should protect asset holders from losing access to their rights
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We should also explore why some people in advanced economies are unbanked, to see if CDBCs might change the game for them