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In 2020, digital currencies had been one of many hottest subjects on the town. China was properly on its approach to launching its personal central financial institution digital foreign money, or CBDC, and plenty of different international locations launched CBDC analysis tasks. Even Fb has proposed a worldwide digital foreign money, referred to as Libra.
Few eyebrows had been raised when the Boston department of the US Federal Reserve introduced a challenge to analysis how a CBDC is likely to be technically designed. A hypothetical US central financial institution digital foreign money was hardly controversial, in any case. And the US couldn’t afford to be left behind.
How issues change. Three years later, the digital greenback—though it doesn’t exist——has develop into political pink meat, as some politicians label it a dystopian device for surveillance. And late final yr, the Boston Fed quietly stopped engaged on its challenge.
So is the dream of the digital greenback lifeless? Learn the total story.
—Mike Orcutt
Introducing MIT Expertise Overview Roundtables
I’m excited to announce that MIT Expertise Overview is launching a brand new participatory subscriber-only on-line occasion collection referred to as Roundtables. They’re 30-minute month-to-month conversations with our writers and editors aimed toward preserving you knowledgeable about rising tech like synthetic intelligence, biotechnology, local weather change and extra.
The primary, on August 10, will function David Rotman, MIT Expertise Overview editor at giant, in dialog with editor in chief Mat Honan, they usually’ll be discussing AI’s impression on the economic system. The second, on September 12, I (Charlotte, our information editor!) will likely be chatting with Melissa Heikkilä, our senior reporter for AI, a few matter she has baggage of perception into: How ought to we regulate AI?
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