Crypto Critic Nouriel Roubini: Central Bank Digital Currencies Won’t Be on Blockchain

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American economist and notorious crypto critic Nouriel Roubini has argued that if and when central bank digital currencies (CBDCs) are adopted, they won’t be based on blockchain.Roubini — otherwise known as “Dr. Doom” for his prediction of the 2008 housing bubble collapse — made his comments during a joint panel with Ethereum (ETH) co-founder Vitalik Buterin at the Deconomy conference in Seoul, South Korea, on April 4, a Cointelegraph correspondent reports.As previously reported, CBDCs are distinct from cryptocurrencies in that they are digital currencies issued by a central bank whose legal tender status depends on government regulation or law.During the panel, entitled the “Fundamental Value of Cryptocurrency and its Sustainability,” Roubini attempted to deflate enthusiasm about central banks’ research into the issuance of CBDCs, arguing that they won’t be issued on the blockchain or other distributed ledger technologies. He said:“As soon as there is news about [CBDC issuance] the people…

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