CBDC
CBDC (Central Bank Digital Currency) is the final and most insidious form of fiat money, since as programmable money it allows a much higher degree of control, including geofencing, time limits, restrictions on saving, blacklisting, censorship, etc. It can potentially lead to ubiquitous law enforcement and facilitate social credit systems.
CBDC programs around the world
A large number of governments around the world are working on developing a CBDC. 3 have launched. 36 are in the pilot stage and 30 are in development. These are some of the most relevant.
| Country | Stage | Tech | FOSS | Privacy | Transparency | Issuance Limit | Users (M) | Name | Dev. co |
|---|---|---|---|---|---|---|---|---|---|
| China | Pilot | . | . | . | . | . | 250 | e-CNY | . |
| Nigeria | Live | . | . | . | . | . | 12 | e-Naira | . |
| Jamaica | Live | NZIA | . | . | . | . | 0.120 | Sand Dollar | NZIA |
| Bahamas | Live | . | . | . | . | . | . | . | . |
| USA | Development | . | . | . | . | . | . | . | . |
| EU | Development | . | . | . | . | . | . | . | . |
| India | Pilot | . | . | . | . | . | 5 | Digital Rupee | . |
| UK | Development | . | . | . | . | . | . | . | . |
| Brazil | Pilot | . | . | . | . | . | . | Drex | . |
| Russia | Pilot | . | . | . | . | . | . | . | . |
External links
- CBDCtracker cbdctracker lets you see how CBDC implementation around the world is advancing.
- HRF HRF CBDCtracker. The Human Rights Foundation is also keeping a critical eye on CBDC progress around the world.