Uncovering the Benefits and Risks of Central Bank Digital Currencies: An In-Depth Analysis

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CBDCs, despite their promises of increased economic inclusion, pose a significant threat to our privacy and financial freedom.

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Central bank digital currencies (CBDCs) have been gaining attention as a growing number of countries worldwide are exploring the potential of launching their own digital currencies. Over 20 countries will take significant steps toward piloting CBDCs in 2023, with over 100 countries in some stage of CBDC research, development, or implementation.