How is CBDC used for political oppression in your country?
Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life.
Central bank digital currencies (CBDCs) have emerged as a major topic in the world of finance. They promise increased stability, security, efficiency and reduced corruption. Central banks, the International Monetary Fund, the World Economic Forum, and the World Bank tell us that CBDCs are the panacea to cure all the ills plaguing our financial system.
Unfortunately, these claims may not correspond to reality, as there are two characteristics of CBDCs that are not often mentioned by their proponents. First, they offer a lasting data trail on how you spend your money. Second, they are subject to “ programmability ,” meaning political leaders will have the ability to dictate whether you are allowed to spend your money.
Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life.
Central bank digital currencies (CBDCs) have emerged as a major topic in the world of finance. They promise increased stability, security, efficiency and reduced corruption. Central banks, the International Monetary Fund, the World Economic Forum, and the World Bank tell us that CBDCs are the panacea to cure all the ills plaguing our financial system.
Unfortunately, these claims may not correspond to reality, as there are two characteristics of CBDCs that are not often mentioned by their proponents. First, they offer a lasting data trail on how you spend your money. Second, they are subject to “ programmability ,” meaning political leaders will have the ability to dictate whether you are allowed to spend your money.