- Central Bank Digital Currencies (CBDCs) could enable governments to track and control citizens’ financial activity, potentially infringing on privacy and civil liberties.
- CBDCs could also allow governments to implement negative interest rates and other monetary policies that could have negative effects on savers and the economy.
- The introduction of CBDCs could also lead to the displacement of commercial banks, potentially leading to job losses and a concentration of power in the hands of the central bank.
- The potential for CBDCs to facilitate surveillance and control over citizens’ finances could erode trust in governments and financial institutions, leading to social and economic unrest.
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