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How to deal with CBDCs?

  • Thread starter Thread starter Riberet19
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Riberet19

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As many will know the CBDC are the digital currencies of central banks which in many places they want to impose on us, in Europe it is expected that the digital Euro will be in operation by 2025, and other projects such as the digital dollar seems to be already in process among others, then if they imposed a CBDC what would you do about it? That is, how do you deal with it or try to avoid it?
 
The Central Bank digital currency is the digital form of the Fiat currency and its a project that is embarked upon by so many countries because of the global digitisation project.
 
What would be the potential problem with using CBDC? You are already using fiat money, so you can use it just like fiat money but through a digital transaction.
 
I do not really think there is anything you can do about it. CBDC are only alternatives to Fiat money. They are simply digitalised currency.
It has the same value and feature as a Fiat currency, just that CBDC is digitalised.
 
The main problem is that all your transactions can be tracked, monitored and even prohibited and limit your access to different products and services. These are the risks of CBDCs since all the money will be centralized by a central entity such as a central bank.
 
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