He’s so close to ruling the world, he can taste it…
Quoting from the article Yazmin links to (slightly edited):
Central Bank Digital Currencies [will] make authoritarianism, censorship, and surveillance easy.
Beyond simply keeping an ever watchful eye over what citizens are up to, governments would also be able to decide on more radical and in immediate terms much more damaging moves, such as cutting people off from their money. The world has recently learned through Canadian authorities’ flabbergasting actions when bank accounts of participants in a civil protest were frozen, that this is perfectly doable even without centralized, government-issued digital money. But imagine if that form of currency were the only one available? The unprecedented level of financial mass surveillance itself would be almost insignificant compared to the potential damage done by replacing all other forms of currency, including fiat money and cash. This would remove private banks and physical cash, leaving all the money citizens have to their name with the state. And from that point on, they would have to trust that state implicitly and explicitly not to misuse that massive power.
All this is a far cry from the original idea of decentralized cryptocurrencies allowing for safe, protected, unrestricted and universal transactions.
Comment:
The power of government will be tyrannical beyond anything ever known before.
Yes, the world will be completely held hostage to them. And we already know what they are capable of.