American perspective: There are lots of conspiracies out there about CBDCs but in my opinion CBDCs would be preferable to the current banking system. Right now

American perspective: There are lots of conspiracies out there about CBDCs but in my opinion CBDCs would be preferable to the current banking system. Right now banks can arbitrarily decide to freeze your account for "compliance reasons" and there is nothing you can do about it. They can deny you service because you were born in a country they don't like. They can deny you service because they don't like your business regardless of whether it's legal or not (https://www.wsj.com/articles/gas-station-atms-are-a-banking-battleground-11645266781 https://www.wsj.com/articles/gas-station-atms-are-a-banking-..., https://en.wikipedia.org/wiki/Operation_Choke_Point https://en.wikipedia.org/wiki/Operation_Choke_Point). A government run CBDC would offer constitutional protections and replace this weird arrangement we have where anti money-laundering enforcement is outsourced to banks and banks fear of being fined leads them to being petty tyrants. And people talk about the trucker protests like it was this unprecedented thing. That's just the tip of the iceberg. There's a company called World-Check and if you ever end up in the World-Check database you will never get a bank account again except maybe if you're an ultra high net worth individual.