Source: Reason
by JD Tuccille
“With Bitcoin climbing over $100,000, both investors and government officials are taking a closer look at digital money. The problem is that there’s a huge difference between an independent currency designed to resist surveillance and control, and one crafted by a central bank to enable exactly that. A new handbook from the International Monetary Fund embraces the potential of cryptocurrency while highlighting the dangers inherent in state dominance of the means of storing and exchanging value. … The IMF and the central banks it serves see cryptocurrency as the wave of the future and want in on the action. But central banks are government entities, and what officials want is not necessarily what is desired by people needing reliable means of making and receiving payments. Putting it bluntly, government officials generally regard those they nominally serve as subjects to be monitored and controlled.” (12/18/24)
https://reason.com/2024/12/18/imf-offers-a-glimpse-at-the-perils-of-central-bank-digital-currencies/