Why central banks want to launch digital currencies | CNBC Reports

Interest in bitcoin and other cryptocurrencies may be surging, but central banks don’t want to be left behind by financial innovation. In fact, more than 80% are examining how to launch digital versions of their own currencies. CNBC’s Joumanna Bercetche takes a look at why these cautious institutions may soon be launching a revolution in how we think about money.

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[rseyedoc]

The comment section gives me hope. People aren't stupid enough to fall for this.

[g]

This defeats the whole purpose. You’re just replacing paper money with digital currency but the value of that currency is still being controlled and manipulated by financial elites and government bureaucrats. The whole point of bitcoin and crypto is to NOT have a third party to verify a transaction between 2 individuals.

[Dangic]

Don't need 9 minutes to explain.

Answer....Control

[JamesPhillipsOfficial]

"programmable" money. Think how dangerous that is. You WILL spend or lose 10%. We WILL see every penny you have and where it goes. We WILL "" approve "" what you can and can't buy or block YOUR money. Avoid this like the plague!

[BelajarSaham]

decentralized digital currency: exist
central bank: lets centralized this decentralized digital currency

[Mark-dlsw]

Centralizing the money "so they can protect you" Here we go...

[riazmkhan]

This sounds more like a propaganda video for central-bank controlled digital currencies that can be manipulated for and on behalf of the financial institutions, than informative information on digital and crypto currencies.

[JmmChad]

For a student of economy, this video is absolutely scary. And the jolly, mater-of-fact way it is delivered. The future is dark.

[jacklarson]

what was failed to be mentioned here is that with all currencies being electronic, there will be a record of everything, EVERYTHING you buy
say goodbye to your privacy

[flipsdchannel]

the correct title: the central bank's war against bitcoin

[LeMeccerino]

Lol, I would rather hold the cayman's cryptocurrency than the fed's shitcoin.

[herbert-kenumera]

This is one of those "We unironically have to stop this before it gets off the ground" kind of things.

[HJ-brbs]

Government and currency should be very separate... political control of currency is basically discrimination...picking winners and losers based on political support

[juancarlosl]

"To make sure that people trust us". That's exactly the reason why people wanna escape from fiat currencies!

[BudNuggets]

The entire point of crypto is that it is DECENTRALIZED. What a joke. “Prevent financial destabilization”. Oh you mean like in 2008? 🙄🙄🙄

[helenjane]

Mr Barry silbert is legit and his method works like magic I keep on earning every single week with his new strategy

[Hernandez]

9 minutes and 12 seconds of completely missing the point.

[saiyeidsewell]

“You can fool all people some of the time, some people all of the time, but you can’t fool all people all of the time.” -Abraham Lincoln

[ollieone]

No more cash for side jobs. They even want to tax the 20 your grandma puts in your Christmas card.

[stanleycarl]

Hey! Nice video 👍. I’m actually looking for the best way to start investment and make good profit in it, can someone tell me how to go about it?