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7y
Well, obviously, @circa, I think increasing the velocity of money will be pretty huge. This is a factor that I think most pundits are overlooking.
But on the whole should be very beneficial: 1) Less illicit trade 2) Easier to collect and assess taxes 3) More demand to hold this DCEP currency vs. CNY because it is sovereign tender but it settles much more quickly.
RE: The Impact of a Central Bank Digital Currency on the Velocity of Money