CBDC Would Let Governments Control What People Spend Money On

Nick Anthony, a policy analyst at the Center for Monetary and Financial Alternatives of the Cato Institute, tweeted in response to the IMF executive's remarks that CBDC would let governments control what people spend money on.

According to the International Monetary Fund (IMF), central bank digital currencies (CBDCs) may enable a government to regulate how citizens spend their hard-earned money.

Deputy Managing Director Bo Li stated that a CBDC may enhance "financial inclusion" throug...

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