$B2

Central Bank Digital Currency (CBDC) or Bank-to-Bank Digital (#B2) Initiative

New developments in the field of official digital currencies:

- More than 100 countries are exploring the issuance of central bank digital currencies

- Objectives of the initiative:

- Improve payment efficiency between banks

- Increase financial security

- Reduce costs

- Current application status:

- China: Issuance of the official digital currency "Digital Yuan"

- United States: "Project Hamstead" to test the digital currency

- European Union: "Digital Euro" project

Expected impact on traditional digital currencies like Bitcoin:

- Increased competition

- Stimulating technological developments