Part 7/8:
As the global race toward a cashless society accelerates, the features embedded in CBDCs—like programmability, expiration dates, and controlled privacy—will shape how individuals interact with money and how governments exercise control over their economies.
While these innovations promise benefits like increased efficiency and combatting illicit activities, they also pose significant challenges related to privacy, personal freedom, and societal wealth distribution. China's experience with the digital yuan offers a glimpse into a future where money is not only a medium of exchange but also a tool for behavioral influence.