CBDCs: How Dangerous Are Central Bank Digital Currencies?

This new form of ‘digital cash’ may pose the single greatest threat to personal liberty and freedom in our lifetime.

Richard Knight
DataDrivenInvestor
Published in
5 min readNov 19, 2022

Blockchain technology is ushering in a new form of currency and central banks are taking advantage of this.

Central Banks around the world are in the process of creating and implementing a new type of digital currency — Central Bank Digital Currency (CBDCs).

CBDCTracker.org

CBDCs are Worldwide

According to CBDC Tracker, almost all countries of the world are experimenting with CBDCs and are in various phases of development and implementation.

There are nine countries and territories that have already launched their CBDCs which include:

  • The Bahamas
  • Antigua and Barbuda
  • St. Kitts and Nevis
  • Monserrat
  • Dominica
  • Saint Lucia
  • St. Vincent and the Grenadines
  • Grenada

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Responses (2)

What are your thoughts?

Presumably getting mass adoption would be difficult. Elderly people and less tech savvy people would have a hard time getting started or remembering how to use the apps, older phones might not support the technology, people could collectively choose…...

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Digital currencies will be part of the Digital Economy that's already underway. I am sure that Money Central Banks across the world will do everything to take advantage of the digital currencies in every possible way. Our role is to educate ourselves and understand how digital currencies work.

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