Few product announcements have stirred such activities among governments around the world as the then Facebook’s, now Meta’s, announcement of the then Libra, now the dead Diem, announcement. The prospects of having a private company with billions of users issue money was just too much for legislators. All of the sudden, everyone was planning a so-called CBDC or Central Bank Digital Currency.
Now, in most parts of the modern world, we already have digital money, a fact often told to us by nocoiners. Just open your banking app and glean at those numbers representing ones and zeros of money on your screen. So what’s the deal with CBDCs? To be honest, I don’t know, except, perhaps, as a surveillance tool, if we would ditch physical banknotes in the process.
The issue of having people use money not controlled by the government
What seems troubling for lawmakers and many others is the risk, or opportunity, depending on your viewpoint, of having people use money that is not under the
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