This means that a CBDC has the potential to be distributed directly by the Fed to individuals and businesses, which is quite different from how money is created and distributed today. Privacy has evolved as a main concern with a CBDC because it will be created by and be a direct liability of the Fed. Reversing transactions is hard to do with cash, but an advantage of credit cards.Īs for a CBDC, it appears at first blush that it could be one of the easiest forms of money to use, but also potentially the least private. What's more, cash is also the easiest to lose, damage, or have stolen. government all deposits and withdrawals of $10,000 or more, whether they be in cash, coins, wire, check, etc. banks are required by law to report to the U.S. Physical cash is generally the most private way to transact, but even cash is not completely private. It is important to remember that all forms of money come with trade-offs.
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