SET Training - Banking and Fintech

Introduction: The Hidden Cost of a Cashless Future The advance of digital currencies is often presented as the next logical step in financial convenience—a seamless, efficient future. But what if this digital evolution comes with a hidden, non-negotiable price—our personal freedom? This article exposes four truths about Central Bank Digital Currencies (CBDCs), using the words of their own proponents to reveal an agenda not of convenience, but of absolute, programmable control. 1. Your Money Will No Longer Be Yours—It Will Be "Programmable" The core innovation of a CBDC is the concept of "programmable money." This means a central authority, such as a government or central bank, would have the ability to place rules, restrictions, and conditions directly onto your funds. Your money would no longer be a neutral tool for exchange but a permission-based token controlled by the state. This technology transforms personal assets into a state-managed voucher system. It could...