Central Bank Digital Currency

The article distinguishes CBDCs from ordinary digital money by saying the new feature is central control rather than digital payment itself. The article presents CBDCs as part of a wider convergence among central banking, global governance, food policy, and health policy. The article describes CBDCs as a major threat because they would centralize control over transactions. The article argues that CBDCs could be linked with digital identity, QR codes, vaccine passports, carbon tracking, and food purchase restrictions.