fnew on Nostr: There’s so much to unpack in yesterday’s update on the UK’s CBDC - 🚨 both ...
There’s so much to unpack in yesterday’s update on the UK’s CBDC - 🚨 both good and bad 🚨.
👉As we’ve previously predicted, a CBDC can’t be created without ‘Parliament’s approval’. This, crucially, gives the UK’s voters a bargaining chip. We all need to make clear to our MPs that we don’t want these monstrosities in our country, and that any MP who votes in favour of a CBDC will be punished at the ballot box.
👉CBDCs won’t be ‘like an electronic version of the banknotes issued by the Bank of England’. They would be programmable and would absolutely allow governments to monitor and control your spending. This is unacceptable in a free society.
👉It’s good news that even a ‘decision’ won’t be made until 2027. If that’s what they’re telling us now, the timetable will likely slip to at least 2029.
👉They pretend that ‘user’s privacy would be protected’. This is of course utterly false (see the admission in the second image below). The Bank of England’s own report, produced with MIT, undermines this assertion completely. A digital pound will give the Bank and the Government effectively total control over your money, your spending, and by extension, over you.
If you don’t like the sound of that, then join us in fighting back. The battle is far from over, and it’s absolutely crucial that we win.
👉As we’ve previously predicted, a CBDC can’t be created without ‘Parliament’s approval’. This, crucially, gives the UK’s voters a bargaining chip. We all need to make clear to our MPs that we don’t want these monstrosities in our country, and that any MP who votes in favour of a CBDC will be punished at the ballot box.
👉CBDCs won’t be ‘like an electronic version of the banknotes issued by the Bank of England’. They would be programmable and would absolutely allow governments to monitor and control your spending. This is unacceptable in a free society.
👉It’s good news that even a ‘decision’ won’t be made until 2027. If that’s what they’re telling us now, the timetable will likely slip to at least 2029.
👉They pretend that ‘user’s privacy would be protected’. This is of course utterly false (see the admission in the second image below). The Bank of England’s own report, produced with MIT, undermines this assertion completely. A digital pound will give the Bank and the Government effectively total control over your money, your spending, and by extension, over you.
If you don’t like the sound of that, then join us in fighting back. The battle is far from over, and it’s absolutely crucial that we win.