Bitcoin Is Money. Central Bank Digital Currencies Are Not. Today

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This is an opinion editorial by Wes Craik, an independent Canadian writer and host of the FINterpreter YouTube channel.

Central Bank Digital Currencies (CBDCs) will soon be operational in various countries and it’s important to note that they’re a form of money with intrinsic programmability. Rules can and will be set as to how these central bank liabilities can be spent. Over time, CBDCs are the elimination of cash and thus, private exchange. They are also the most “slippery slope” ever witnessed.


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