Concerns about CBDCs
While CBDCs offer several benefits, they also raise several concerns, including:
- Monetary policy: CBDCs could potentially undermine the central bank's ability to implement monetary policy.
- Financial stability: CBDCs could potentially destabilize the financial system if they are not managed carefully.
- Privacy: CBDCs could potentially erode individual privacy, as transactions are tracked and recorded.
- Inequality: CBDCs could potentially exacerbate existing inequalities, as access to CBDCs may be limited to those with the means to obtain them.
- Dependence on technology: CBDCs rely on advanced technology, which can be vulnerable to cyber attacks and other disruptions.