>Across Asia, the central bank digital currency (CBDC) revolution increasingly looks like a rebellion gone awry. Major Asian economies that once seemed certain to adopt a digital fiat currency are either struggling with low uptake (India), are reconsidering the merits of a CBDC (Japan) or have suspended it (Korea).https://www.forbes.com/sites/digital-assets/2026/04/27/cbdcs-are-slowing-in-asia-but-china-is-sticking-to-its-e-cny-plans/
>>62163865I still have no idea how CBDC are different to online banking with e-transfers
>>62163868I don't think they know, either
>>62163868Basically you take the vaccine and support trannies or they freeze your accounts
>>62163868CBDCs aren't stored in bank accounts. They're stored in digital wallets in the form of a file on a physical device. Transactions are done between two wallets directly (it's like sharing files - no middleman). Each CBDC (file) has a unique serial number and the central bank keeps track of all the serial numbers it has ever printed (so you can't counterfeit CBDCs).The transaction itself doesn't require internet. So if you give your sister 10 bucks to blow you without either device being online, only the two of you know the transaction took place. But as soon as the device is connected to the internet, the Central Bank/Government (directly) knows that the transaction happened (from your wallet to your sister's wallet). It still doesn't know that you paid her to blow you.It's basically a replacement for cash with enhanced traceability.At least that's how I understand it (and this is how the e-yuan is being implemented IIRC).
>>62163865India? Lmao half the fucking country doesn't have ELECTRICITY. The whole concept is retarded in that one big fucking EMP will destroy all "money". Inb4 impossible! Nigger we dropped two nukes. You think a big fucking radio wave isnt something possible?
>>62163954India already has UPI. It's a similar concept to CBDCs, it just still uses banks as middlemen. You can read up on it.Japan just signed a MoU with India to allow Indians to use UPI in Japan. Singapore, UAE, France, Mauritius, Nepal, Bhutan, Sri Lanka, and Qatar already allow it.
>>62163936That's basically a cheque book, no need to reinvent the wheel. And it's not a replacement for cash by any means because you can pay/receive cash to/from anyone even if you don't trust them. But for cheques you must trust a person.
>>62163980Cheques go through banks.
>>62163936So its crypto just 1000x gayer.
>>62163865>Major Asian economies that once seemed certain to adopt a digital fiat currency are either struggling with low uptake (India)Calling indians asians is a huge insult to asians and a leftist revision to make indians seem like better people.
>>62163954Republic credits? Republic credits are no good out here. I need something more real.
>>62163868The central bank can't track each individual dollar bill, let alone put programmatic restrictions on it.
>>62163868The ECB is pushing it to remove the visa/mastercard 2%tax on most european transactions.I fear different central banks have different intentions with this “new” currency.
as far as I'm aware ALL western countries are on track to release CBDCs soon.
>>62163868Essentially, CBDC is central bank reserves that can be held by anyone, not just licensed banks. CBDC eliminates the unnecessary middleman.
>>62163865Because the bank middlemen are fighting tooth and nail against a solution that eliminates them as middlemen
