In September 2022, the White House published a report that outlined the country’s expectations, stemming from the efforts of researching Central Bank Digital Currencies at a large scale in the U.S. The report, titled ‘Technical Possibilities for a U.S. Central Bank Digital moneda,’ deposed full faith in the future potential of CBDCs. It cited President Biden’s vision for America, and that vision of possibilities applies to CBDCs across all countries that have undertaken it. The report said, “a “digital dollar” may seem far-fetched, but modern technology could make it a real possibility.”
The same holds for all CBDC-aspiring economies.
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