Should central banks introduce digital currencies (CBDCs) that fully replace cash — even though this makes every transaction traceable?
Founding phase
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Context
China has already introduced the digital yuan for 1 billion people. The ECB plans a digital euro. Proponents see advantages in monetary policy and crime-fighting; privacy advocates and libertarians warn of seamless state financial surveillance.
Real-world source
European Commission · 6/28/2023
Proposal COM(2023) 369 — establishment of the digital euro (as complement to cash) ↗
Nearest real-world instrument — the question goes beyond it.
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