AMB Crypto: “Why other nation-states consider China’s development of a CBDC to be provocative”

When asked about the same, Scott Freeman, Co-founder of JST Capital, told AMBCrypto,

“…The Space Race was a zero-sum contest with one winner. In the case of CBDC, every central bank – and all commercial banks for that matter – are already or will be developing a strategy for implementing digital currencies. Digital currencies are an evolutionary technology that will be used by countries to further their central bank’s monetary policy. There won’t be one winner or loser in this race.”

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