APMEX: CBDCs Face Regulation as Gold Carries On

The U.S. House of Representatives made headlines when it passed H.R. 5403, the CBDC Anti-Surveillance State Act, on May 23rd of this year. This event has sparked discussions and raised concerns about the potential implications of Central Bank Digital Currencies (CBDCs). In this blog post, we will break down what CBDCs are, explore the relationship between CBDCs and gold, and examine the significance of H.R. 5403. Firstly, it’s essential to understand what CBDCs are. CBDCs are digital currencies issued by a central bank, representing a direct claim on that central bank. Unlike cryptocurrencies, which are decentralized and not backed by…