« Sand dollar », « e-crown »… The states are racing to get their hands on the cryptostates.

"Sand dollar", "e-crown"... The states are racing to get their hands on the cryptostates.

SURVEY – From Europe to the United States to China, the most advanced on the subject, Central Banks are considering creating their own digital currencies, fearing they will be overtaken by Facebook.

All over the world, the idea of a state cryptomony is gaining ground. As Bitcoin continues to make headlines, reaching dizzying heights and demonstrating a growing interest in digital currencies, central banks are also working on the issue.

Also read: Bitcoin: While the price has risen, is it still worth investing?

By the end of 2020, some 86% of central banks had begun work to assess the advantages and disadvantages of a digital central bank currency (CBDC), i.e. a digital version of their own currency, compared with 80% by the end of 2019 and 70% by the end of 2018, according to a BIS report. On 24 February, the Fed, the US central bank, published a document listing the preconditions for launching such a project. Its President Jerome Powel also raised the possibility of a citizens’ consultation in order to gather the opinion of Americans on the launch of a digital currency. Europeans were also invited to express their views on the creation of a « digital euro ».

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« Sand dollar », « e-crown »… The states are racing to get their hands on the cryptostates.

« Sand dollar », « e-crown »… The states are racing to get their hands on the cryptostates.
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