Donald Trump Central Bank Digital Currencies (CBDCs) ban order defines CBDCs as digital money denominated in the national currency and directly issued by the central bank...
Central bank digital currencies - CBDCs are completely owned and controlled by governments. Meaning governments would hold your wallet, your money, and have access to all of your banking information. This would include information on every transaction in your daily life. It’s ultimate centralization
By Collective Evolution:
CBDCs are completely owned and controlled by governments. Meaning governments would hold your wallet, your money, and have access to all of your banking information. This would include information on every transaction in your daily life. It’s ultimate centralization.
With cryptocurrencies, governments can’t track how much you have, where you spend your money, or who you give it to. Plus they are decentralized, effectively pulling power away from central banks who have been using debt to control and enslave entire populations for decades.
With CBDCs, something governments and central banks have been pushing hard for, governments would enjoy more secrecy, and be able to control their population more than they currently do. CBDCs would also be easier to tax, since hiding any money from the government would be impossible.
Remember, central banks ARE the problem, and have been for decades. Crypto was created to stop this problem, yet they have gotten a bad rep because they don’t serve the interests of powerful people.
"Instead, a CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to install the State at the mediating center of every transaction." - Edward Snowden.
