Insight into CBDCs: A Deeper Look at the Future of Financial Control
When it comes to Central Bank Digital Currencies (CBDCs), there are key aspects to consider, especially in terms of control and surveillance. CBDCs are centrally controlled currencies, with features that go beyond traditional money. Here are some key points to keep in mind:
โ CBDCs have controls on spending, including anti-money laundering measures
โ Prevent certain purchases or freeze accounts
โ Limitations on buying assets like Bitcoin
โ Integrated command, control, and surveillance system
โ Money as a means of control is a significant feature of CBDCs
Hot Take: The Duality of CBDCs โ Financial Control vs. Surveillance
Central Bank Digital Currencies represent a paradigm shift in the realm of monetary control, where surveillance features are embedded within the financial system. While some may see it as the ultimate means of control, others view it as a dystopian turn in the evolution of money.
Source: Youtube