Herbert Poenisch is a member of the International Committee, International Monetary Institute, Renmin University, Beijing, a senior fellow of the Academy for Internet Finance, Zhejiang University, Hangzhou, and a former senior economist at the Bank for International Settlements, Basel.
A central bank digital currency is a new form of money unlike any of its previous manifestations. The ability of individuals and businesses to hold and make electronic payments using a CBDC will have…