Why do we need
?
?
They can also program other things into it,
like only allowing it to be spent at certain shops, websites or
jurisdictions, and not at others.
They could link it to:
your credit score, your health pass, digital ID and other social
scores.
They can program any restrictions they see fit,
based on your specific score in one area, or on your 'overall
score', or on what they deem the 'economy' needs.
In addition, they will be able to surveil every single thing you
do with your money
We don't know who's using a $100 bill today and we don't know
who's using a 1,000 peso bill today. The key difference with
the CBDC is
the central bank will have absolute control on the rules and
regulations that will determine the use of that expression
of central bank liability, and also we will have the
technology to enforce that.
~Agustin Carstens
GM, BIS - Bank for International Settlements
GM, BIS - Bank for International Settlements