Like the rest of the world, money is going digital. Credit and debit cards, electronic fund transfers, online services like PayPal, and peer-to-peer services got a boost during the COVID pandemic. Cryptocurrencies did as well, along with decentralized finance (DeFi) and smart contracts. In the latest issue of Financier Worldwide, Becker Shareholder Robert C. Brighton, Jr. expounds upon what might be next in this expanding sector of finance. Governments have taken note of central bank digital currency, or “CBDC” for short, and that could foreshadow a shift just as significant as the abandonment of the gold standard after World War II.
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Robert C. Brighton Jr. is a shareholder at Becker & Poliakoff and currently serves as the Co-Chairman of the Subcommittee on Florida Securities Laws (Corporations, Securities & Financial Services Committee of The Florida Bar’s Business Law Section). To learn more about Rob, please click here.