Support Your Freedom to Speak:
Central Bank Digital Currencies: Why you should be concerned
channel image
14 Subscribers
Published 7 months ago

CBDCs, or Central Bank Digital Currencies, are a digital form of a country's fiat currency, issued and regulated by the central bank. They represent a new type of currency that is intended to have the same legal status as traditional coins and notes but is entirely digital.

The privacy concerns regarding CBDCs stem from the potential for increased surveillance and control by governments and central banks. Since CBDC transactions can be completely traceable, governments might have the ability to monitor all financial activities of their citizens in real-time. This can lead to concerns about personal data protection, financial privacy, and the potential misuse or mishandling of sensitive information. The transparent nature of CBDCs could thus create a tension between the desire for efficiency and the need to preserve individual privacy rights.

privacycryptocurrenciesfinancial privacycbdccentral bank digital currencies

FREE email alerts of the most important BANNED videos in the world

Get FREE email alerts of the most important BANNED videos in the world that are usually blacklisted by YouTube, Facebook, Google, Twitter and Vimeo. Watch documentaries the techno-fascists don't want you to know even exist. Join the free Brighteon email newsletter. Unsubscribe at any time. 100% privacy protected.

Your privacy is protected. Subscription confirmation required.