Subj : cbdc's in canada..
To   : Mike Powell
From : August Abolins
Date : Wed Jul 12 2023 20:47:00

Hello Mike!

** On Wednesday 12.07.23 - 07:23, Mike Powell wrote to AUGUST ABOLINS:

 >> "We're exploring the possibility of issuing a digital form of
 >> the Canadian dollar, also known as a central bank digital
 >> currency (CBDC). Find out what a digital Canadian dollar is,
 >> why we're doing this research and how you can get involved."

 >> https://www.bankofcanada.ca/digitaldollar/

 MP> This will make it easier for them to freeze the assets of protesters.

Well, the gov't seems to be able to control the banks and reach  
into people's bank accounts and do whatever they want right now  
anyway.

They ARE suggesting that cash will still be legal tender  
(primarily to support the unbanked, I presume), ..but as a  
generation dies off and younger people embrace pure digital  
transactions, they will have motive to discontinue printing  
cash at any time thereafter.

I find that young people avoid cash if they can.


-- 
  ../|ug

--- OpenXP 5.0.57
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