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Podcast: The Peter McCormack Show
Episode: CBDCs: the Good, the Bad & the Totalitarian with Nik Bhatia - WBD469
Description: Location: Los Angeles Date: Friday 4th February Company: USC Marshall School of Business Role: Author and Adjunct Professor of Finance Bitcoin empowers individuals, the threat to the state is clear. As the New German Chancellor Olaf Scholz asserted in December 2020: "We must do everything possible to make sure the currency monopoly remains in the hands of states."Â As a response to Bitcoin, the major world economies are pilot testing CBDCs, and pressure is being applied to low and middle-income countries. In October 2021 the IMF stated in its Global Financial Stability Report that "E...