Jim Rickards explains the dangers of a central bank digital currency to your privacy while Chancellor of the Exchequer Jeremy Hunt revealed that, as a part of his ‘Edinburgh Reforms’ of Britain’s financial services, the Bank of England will begin consultations on the design of a Central Bank Digital Currency (CBDC) which would act as a digital version of the pound sterling.
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There is nothing wrong with CBDCs its the abuse of them that is the problem, programmable money is a very good thing if used for good, so we must keep cash and CBDCs must have competion such as other digital money so if you dont want to you dont have to use their money.