“If you think about the benefits of digital money, there are huge potential gains,” said Prasad, adding, “It’s not just about digital forms of digital currency;

“If you think about the benefits of digital money, there are huge potential gains,” said Prasad, adding, “It’s not just about digital forms of digital currency; you can have programmability — units of central bank currency with expiry dates. “You could have […] a potentially better — or some people might say a darker world — where the government decides that units of central bank money can be used to purchase some things, but not other things that it deems less desirable like say ammunition, or drugs, or pornography, or something of the sort, and that is very powerful in terms of the use of a CBDC, and I think also extremely dangerous to central banks.” “Now we are at the cusp of physical currency essentially disappearing” Eswar Prasad, WEF Annual Meeting of the New Champions, June 2023 https://sociable.co/government-and-policy/governments-program-cbdc-restrict-undesirable-purchases-wef-summer-davos-china/ https://sociable.co/government-and-policy/governments-progra...