CBDCs Are Necessary To Protect Public Money From Private Payments

The third section of the sixth European Blockchain Convention took place on Tuesday afternoon and saw an insightful discussion on Central Bank Digital Currencies (CBDCs). The four-person panel sought to understand why these assets are required, the problems they solve, what they mean, how they will function, and what is happening behind the scenes to make them a reality. The consensus was that CBDCs were necessary if public means of payment were protected before private modes overtake them.