Currently, the conversion of electronic into papercurrency allows.for anonymous I.e. not state controlled transactions.
People can structure their retrievals in such a way that over time they have a piggy bank full of paper currency.
Electronic currency can be controlled. The Netherlands is rolling out a programm where every transaction above 100 Euro's is investigated and checked. And if necessary an account is blocked untill the bank is satisfied they KYC and the transaction is.not related to financing of terrorism or money laundering.
Electronic money does not give the government control over how.much and into what money is spent. They also cannot use behavioral influence.
With CBDC that is quite possible, especially because it is deeply connected to anything digital. Anything digital.
Internet access, what is posted online, the time spent online and where, how much and where and what is soent, etc.
In essence, by controlling spending habits the commie government of the EU can prioritize currency to certain sectors, fine you, deduct it from your account, lock you out of your account, lock you.out.from services, etc.
Not quite.
Currently, the conversion of electronic into papercurrency allows.for anonymous I.e. not state controlled transactions.
People can structure their retrievals in such a way that over time they have a piggy bank full of paper currency.
Electronic currency can be controlled. The Netherlands is rolling out a programm where every transaction above 100 Euro's is investigated and checked. And if necessary an account is blocked untill the bank is satisfied they KYC and the transaction is.not related to financing of terrorism or money laundering.
Electronic money does not give the government control over how.much and into what money is spent. They also cannot use behavioral influence.
With CBDC that is quite possible, especially because it is deeply connected to anything digital. Anything digital.
Internet access, what is posted online, the time spent online and where, how much and where and what is soent, etc.
In essence, by controlling spending habits the commie government of the EU can prioritize currency to certain sectors, fine you, deduct it from your account, lock you out of your account, lock you.out.from services, etc.