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

“Fun With Annuities” The Annuity Man Podcast

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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