THE MONEY GAME
CBDC: The Rumour of Money That Can Ask What You Are Allowed to Buy
A CBDC is not automatically a control tool, but its architecture determines how far digital money can be made conditional.
Read in Vietnamese →A banknote in a wallet does not know who is holding it. It does not know whether it pays for medicine, a train ticket, or something a government dislikes. When it changes hands, it does not upload a record to a server. The CBDC story begins with that difference: if national money becomes a digital entry in a wallet, who writes the rules for that entry?
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