CBDC is a paradox: it is a money based solely on trust that is structurally set up to destroy that trust. If people lose trust in the currency, the government would lose any control it had over the economy.
The news comes after Queen Máxima called for the creation of a Central Bank Digital Currency (CBDC), defending CBDCs as instruments of “inclusivity” at an International Monetary Fund (IMF) meeting in Washington D.C. earlier this month.
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