Central Bank Digital Currency (CBDC) Projects Are Foundering In Five-Eye Nations. What Gives?

 Central Bank Digital Currency (CBDC) Projects Are Foundering In Five-Eye Nations. What Gives?

Authored by Nick Corbishley via NakedCapitalism.com,

Canada and Australia shelve plans for retail CBDCs while the US could soon become the first country to explicitly ban the central bank from issuing a CBDC.   

As we warned in May 2022, a financial revolution is quietly sweeping the world (or at least trying to) that has the potential to reconfigure the very nature of money, making it programmable, far more surveillable and centrally controlled. To quote Washington DC-based blogger and analyst NS Lyons, “if not deliberately and carefully constrained in advance by law,… CBDCs have the potential to become even more than a technocratic central planner’s dream. They could represent the single greatest expansion of totalitarian power in history.”

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