USA, China, central bank digital currencies, and surveillance

Countries issuing a digital version of their federal currency is a huge move in the direction of centralizing the control over the money supply in the hands of a few central planners and policymakers, with far-reaching effects even outside their borders (as is already the case with the Bretton Woods system). This is another reason why libertarian-minded people and individual communities may want the ability to manage their own complementary currencies:

https://www.cnn.com/2020/12/04/economy/china-digital-yuan-currency-intl-hnk/index.html

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I would nor be surprised if China or Japan will streamline crypto way more earlier than U.S.