“As citizens around the world are confronted with the severe curtailment of political, economic and cultural freedoms associated with COVID-19 risk mitigation strategies (e.g., lockdowns, mandatory vaccinations and/or vaccine passports), new risks to economic freedom and prosperity are quickly emerging which citizens must be aware of and remain vigilant about. One of these risks which is developing with rapid pace are Central Bank Digital Currencies (CBDCs). According to a Bank of International Settlements (BIS) 2021 survey[1]:
- 86% of central banks are actively researching the potential for CBDCs;
- 60% were experimenting with CBDC associated technology; and
- 14% were deploying CBDC pilot projects.”
(I think of the push for digital health passports and the move toward digital currencies as two sides of the same coin.)
The Potential Orwellian Horror of Central Bank Digital Currencies (adamseconomics.com)