Daniel Fooks, Central Bank Digital Currency (CBDC) | Resistance TV

32m | Mar 24, 2023

Daniel Fooks joins Chris Williamson to discuss the dangers of CBDC's.

Central Bank Digital Currency (CBDC) is a digital form of a country's fiat currency that is issued and backed by the central bank. Unlike cryptocurrencies like Bitcoin, CBDCs are centralized, meaning they are controlled by the central bank and operate within the existing financial system. CBDCs can be used for payments, remittances, and other financial transactions, and may offer benefits such as increased efficiency, security, and financial inclusion. However, CBDCs also raise important questions about privacy, financial stability, and the role of central banks in the digital age.

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