
Elon Musk downplays CBDC conspiracy chatter
Musk believes market forces will determine the success or failure of Central Bank Digital Currencies (CBDCs).
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The asset must be automatically convertible, but its use can't be restricted.

The digital peso will seemingly not be ready by a previously stated deadline.

G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.

In addition to reforming crypto regulation, Indonesia is also introducing a Central Bank Digital Currency (CBDC), alongside a national cryptocurrency exchange.

The country's central bank will continue its tests in early 2023.

The E-Naira has been live for 14 months and the Nigerian government is continuing to struggle with adoption despite the population's favorable stance toward crypto.



