Part 8/10:
- Inevitable move: Many authorities see CBDCs as the inevitable evolution of currency, replacing or augmenting existing crypto markets to ensure government oversight.
Potential Implications and Concerns
As more countries adopt CBDCs, there are rising concerns about privacy, government surveillance, and financial authoritarianism. The rapid deployment of digital currencies could result in:
Loss of financial privacy because transactions can be tracked centrally.
Increased government control over individual spending habits.
Possible bans on cryptocurrencies if authorities see CBDCs as a more manageable alternative.