Dangers of Digital Currency!
Digital Currency is a vital tool in the authoritarian playbook.
With Digital Currency, the Government
- Can (and would) monitor our bank accounts
- Monitor all of our transactions
- Impose barriers to purchases of certain ‘unfavoured’ items
- Even block access to our money or limit how much of it we could spend
- Facilitating efficient and low-cost transactions
- Fostering greater access to the financial system
- Boosting economic growth
- Supporting the continued centrality of the the country within the international financial system.