Forbes on Nostr: CBDCs Are Instruments Of Control—And They’re Here ========== Central bank digital ...
CBDCs Are Instruments Of Control—And They’re Here
==========
Central bank digital currencies (CBDCs) are already being implemented by several countries, with 10 countries and the Eastern Caribbean Currency Union having launched their own CBDCs. Hong Kong and 39 other countries have CBDC pilot programs, and at least 65 other countries are researching CBDCs. The Cato Institute has been studying the risks and benefits of CBDCs, with Nick Anthony being a prominent figure in the research. Nick has a new book called 'Digital Currency or Digital Control? Decoding CBDC and the Future of Money'. CBDC advocates believe that a CBDC can be designed to protect privacy and individual freedom, but this is a misconception. A CBDC gives the government complete control over individuals' accounts, which is incompatible with economic and political freedom. The Chinese communist party has used CBDCs as a tool for control, and non-autocratic governments should avoid creating one.
https://www.forbes.com/sites/digital-assets/2024/06/17/cbdc-are-instruments-of-control-and-theyre-here/
==========
Central bank digital currencies (CBDCs) are already being implemented by several countries, with 10 countries and the Eastern Caribbean Currency Union having launched their own CBDCs. Hong Kong and 39 other countries have CBDC pilot programs, and at least 65 other countries are researching CBDCs. The Cato Institute has been studying the risks and benefits of CBDCs, with Nick Anthony being a prominent figure in the research. Nick has a new book called 'Digital Currency or Digital Control? Decoding CBDC and the Future of Money'. CBDC advocates believe that a CBDC can be designed to protect privacy and individual freedom, but this is a misconception. A CBDC gives the government complete control over individuals' accounts, which is incompatible with economic and political freedom. The Chinese communist party has used CBDCs as a tool for control, and non-autocratic governments should avoid creating one.
https://www.forbes.com/sites/digital-assets/2024/06/17/cbdc-are-instruments-of-control-and-theyre-here/