Discover and read the best of Twitter Threads about #keepcash

Most recents (1)

The House of Lords Economic Affairs Committee has attacked CBDCs, saying that they are a “solution in search of a problem.”

Here we list some of the threats and risks identified by the House of Lords.

A thread:

#CBDC #CBDCs #KeepCash Image
PRIVACY:

“A CBDC system could not support anonymous transactions....

This lack of anonymity is to prevent CBDCs facilitating large-scale criminal activity, and to ensure a CBDC system complies with national disclosure laws that apply to payments"….
“This means payments data on CBDC users would exist and would be accessible to some authority or institution.

There is concern about the potential for state surveillance.”

Of course the tax authorities, with their strong investigatory powers, would get hold of CBDC data. Image
Read 12 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!