CBDC-Central Bank Digital Currency: Shootin' It Straight with Stan

In this episode, The Annuity Man discussed: 

The CBDC initiative  The taxing of cryptocurrency  Cryptocurrency is not going away  How blockchain can affect annuities in the future 

 

Key Takeaways: 

Putin using cryptocurrency to thwart US banking has led the administration to be aggressive with going in the direction of digital currency.  Since the government is taking a huge interest in blockchain due to current events, there might be a possibility that the government will tax cryptocurrency in the future.  Cryptocurrency may not have any intrinsic value, but it’s not going away. It’s just a matter of time before governments go in the direction of blockchain.  There is hope for blockchain, and that is if the technology is used for pooling money, risk, and offering contractual guarantees. 

 

"In the future, I think blockchain and this Central Bank Digital Currency strategy by governments are going to open it up and the products that will be coming up, I can’t say what they’ll be, but they’ll be pro-consumer because they’ll be transparent. " —  Stan the Annuity Man. 

 

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Email: [email protected] 

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YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 

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