CBDCs sind Kontrollinstrumente – und sie sind da

tldr; The article discusses the reality and dangers of Central Bank Digital Currencies (CBDCs), contradicting the belief that they are largely theoretical outside of China. It highlights that 10 countries and the Eastern Caribbean Currency Union have already launched CBDCs, with many others exploring or piloting them. The piece argues that CBDCs represent a significant threat to privacy and individual freedom, as they allow governments to control and monitor financial transactions. It emphasizes that unlike decentralized digital currencies, which operate without central authority, CBDCs are centrally controlled by governments, potentially leading to increased governmental power and reduced economic and political freedom.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.