Deutsche Bank issues CBDC warning | Modern Consensus.

Central bank digital currencies could unseat the dollar and ‘change the world significantly,’ said Deutsche Bank, cautioning that their adoption could have unintended consequences Although the German financial institution acknowledges CBDCs could make transactions easier and create greater levels of transparency, it has released a report that warns digital assets are yet to be tested broadly and in real time. Deutsche Bank is also nervous about CBDCs being issued through distributed ledger technology—stressing that such platforms have “not yet been proven as sufficiently robust for a wide-scale implementation.”