Central Bank Digital Currencies (CBDCs) have sparked concerns among individuals and experts. Critics argue that CBDCs could threaten individuals' right to transact and privacy, potentially leading to a surveillance state. Some individuals, such as Crypto_McKenna, express strong opposition to living in a society that adopts CBDCs. Additionally, Christine Lagarde, a prominent figure, acknowledges that without CBDCs, central bankers risk losing their power, indicating the potential impact of CBDCs on the financial landscape. The debate surrounding the risks and opportunities of CBDCs continues to intensify, with concerns about the potential consequences of their implementation.
The governor of the Reserve Bank of India (#RBI) says #cryptocurrencies have huge risk, particularly for emerging market economies. https://t.co/INSH53QoZ4
Should we fear CBDCs? In part II of our guide to the War on Cash, we look at Central Bank Digital Currencies and the risks and opportunities they entail. https://t.co/vfHDElUrwc
“If we are not involved with … digital central bank money, then we risk losing the role of anchor.” Christine Lagarde says the quiet part out loud: the purpose of a CBDC is to reduce the use of cash and to solidify the power of central banks. https://t.co/ZBVroLZdzT
Christine Lagarde, admits that without CBDCs, central bankers run the risk of losing their power. https://t.co/Fnjw0TAUHA
CBDCs are a concrete line in the stand where I will absolutely refuse to use or live in a society that pushes for their adoption. To the powers that be you are more than welcome to try. You will only accelerate the downfall of your own Nation resulting in an exodus of moral… https://t.co/bLR9oUn063
this is basically correct and it’s why i spent most of my book talking about not-cbdcs the right to transact is already critically threatened. no remote-control panopticon currency needed (but still, remote-control panopticon currencies could be *really* bad) https://t.co/PJ8e96bYjC