From January 15 to 19, the 54th World Economic Forum (WEF) was held in Davos under the theme “Rebuilding Trust”. But how can we restore trust if our leaders insist on keeping us under their thumb with innovations such as Central Bank Digital Currency (CBDC)?
The World Economic Forum and the temptation of CBDCs: A loss of monetary freedom?
At the World Economic Forum 2024, a paradise for thinking heads in the crypto-sphere since 2022, Central Bank Digital Currencies (CBDC) are on everyone’s lips. In June 2023, during the summer version of the Forum in Tianjin (China), the disappearance of cash was at the heart of the discussions. What alternative are we considering to replace fiat money? Central bank digital currency, among others.
During a panel, Professor Eswar Prasad praised it, saying: “ We could potentially have a world […] darker where the government would decide that the [CBDC] can be used to buy some things, but not others that it deems less desirable, like ammunition, drugs, pornography, or the like. »
Despite the touted benefits of CBDCs (reduction in savings, lower inflation, etc.), Mr. Prasad only sees “ potential gains […] huge » in these digital currencies.
But such power in the hands of governments Is it acceptable ? On Twitter, the French-speaking crypto community is on fire. Some recall the enthusiasm of Christine Lagarde, current president of the ECB, for the CBDC, presented as a saving currency in the world in the grip of ecological disaster, while others call for disobedience and resistance.
Alex, a committed and pro-Frexit citizen, highlights people’s indifference to this threat: “ When you wake up, it will be too late as usual. »
The pro-crypto FocalZero, for his part, preaches caution: “ This will only happen if you only depend on currencies issued by CBDC! Above this digital money, there are the ISO20022 protocols which will be used to create them, so stop being deaf, the financial reset under blockchain is here. Buy XRP, XDC, XLM, QNT and ALGO! »
Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
