Central Bank Digital Currency (CBDC) coming in 2021. Your freedom is under threat - Graham Rowan

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Uploaded: 20 Oct 2020   (6 years ago)  ·  Shared: 21 Oct 2020

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In the booming digital age of the 21st Century, technology is advancing to the stage where “digital money” has become the norm, and may soon replace physical cash altogether. In our latest segment of

“Money Minute,” We look at how digital currency works, and why it is one of the biggest threats to our freedom.

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What is Central Bank Digital Currency?
Central bank digital currency, CBDC or digital currency is the digital form of fiat money. Fiat money being a currency established as money by government regulation, monetary authority or law. The present concept of CBDCs was directly inspired by

Bitcoin, but CBDC is different from virtual currency and cryptocurrency, which are not issued by the state and lack the legal tender status declared by the government. CBDCs are presently in early hypothetical stage, with some proof-of-concept programmes.
What is CBDC?
Central bank digital currency, CBDC or digital currency is the digital form of fiat money. Fiat money being a currency established as money by government regulation, monetary authority or law. The present concept of CBDCs was directly inspired by

Bitcoin, but CBDC is different from virtual currency and cryptocurrency, which are not issued by the state and lack the legal tender status declared by the government. CBDCs are presently in early hypothetical stage, with some proof-of-concept programmes.

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