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Chris Giancarlo (former CFTC Chairman) and Daniel Gorfine (former Director of LabCFTC) join us to talk about making a central bank digital currency (or CBDC) version of the US dollar. The Digital Dollar Project has carved out a large task for itself in trying to bring the dollar fully into the digital realm from the physical realm. There are many implications, from how people will pay for things to how monetary policy in the country will work. One key result could me more financial access and inclusion for those who are unbanked or underbanked. There are also big design questions and issues, such as privacy, law enforcement, payment rails, and how to transition practically to a CBDC. With the Project's recent white paper, our guests and their team tackle these core topics. A fascinating idea and effort that we found inspirational.
Chris Giancarlo (former CFTC Chairman) and Daniel Gorfine (former Director of LabCFTC) join us to talk about making a central bank digital currency (or CBDC) version of the US dollar. The Digital Dollar Project has carved out a large task for itself in trying to bring the dollar fully into the digital realm from the physical realm. There are many implications, from how people will pay for things to how monetary policy in the country will work. One key result could me more financial access and inclusion for those who are unbanked or underbanked. There are also big design questions and issues, such as privacy, law enforcement, payment rails, and how to transition practically to a CBDC. With the Project's recent white paper, our guests and their team tackle these core topics. A fascinating idea and effort that we found inspirational.