Central bank digital currencies are due to be rolled out in many countries across the world. The vast majority of people have no idea what is coming and how it will affect them.
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Poverty and repression can make people more politically aware, leading to conversations in cafes, bars, and other settings where people feel comfortable discussing their government. This has been the case in many Latin American countries where dictators ruled with the support of the US government. However, in Western countries today, the general population may not be as politically informed. If you were to ask people about central bank digital currencies (CBDCs) and their implications for privacy and control, many would likely be unaware of what is happening. People are unaware of central bank digital currencies.
One reason for this lack of awareness could be the lack of serious political discussion in mainstream media. Even if people wanted to educate themselves on the topic, they may not know where to turn. While CBDCs are being introduced, the average person may be ill-prepared to understand the implications.
Despite this, there are still resources available to learn more about CBDCs, the monetary system, and even alternative solutions like Bitcoin. It's important to educate oneself on these topics, as CBDCs could potentially give banks the power to cut off access to money with just a tap of a button.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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