Why Ron DeSantis (and Other U.S. Politicians) Are Wrong to Ban CBDCs

What all of that research has revealed is … complicated. There are legitimate risks associated with CBDCs, and theoretical impacts that could reshape the financial sector as we know it. A “retail” CBDC, for instance, essentially a checking account kept at the Federal Reserve that any U.S. resident would be entitled to use, would compete against private banks and credit unions, numerous studies have found.