Hush Money: The Untold Dangers and Delusions of Central Bank Digital Currency -- Gleb Lisikh

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hush money

Gleb Lisikh -- C2C Journal

November 12, 2023

Most of us might think that -- what with credit cards, e-transfers and online banking -- money has pretty much already gone digital.

But the Bank of Canada is busily working on a much bigger transformation. Canada is one of more than 100 countries worldwide that are studying, developing or even implementing central bank digital currency (CBDC).

CBDC is marketed as a convenient replacement for cash once it disappears from use, as a way to provide access to financial services for the “underbanked,” and as a bulwark against volatile cryptocurrency.

Contrary to its billing, CBDC is both unnecessary and dangerous.

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