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Central Bank Digital Currency And Why It's Anathema To Freedom

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First published at 00:01 UTC on March 29th, 2024.

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PolicePaparazzi

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Central Bank Digital Currencies (CBDCs) are a form of digital currency issued by a country's Central Bank. They are similar to cryptocurrencies, except that their value is fixed by the central bank and equivalent to the country's fiat currency. Many countries are developing CBDCs, and some have even implemented them. Because so many countries are researching ways to transition to digital currencies, it's important to understand what they are and what they mean for society.

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