Tanzania ‘cautious’ on CBDC adoption after initial research
“The outcome of the research at this point revealed that more than 100 countries in the world are at different stages of the CBDC adoption journey with 88 at research, 20 proof of concept, 13 pilot and 3 at launch,” the bank said.
The central bank noted that at least four countries — Denmark, Japan, Ecuador and Finland — have publicly canceled CBDC adoption plans, while another six have moved away from digital currencies due to structural and technological challenges in the implementation phase.
Some of these challenges were high implementation costs, the dominance of cash, inefficient payment systems and the risk of disrupting the existing ecosystem, the bank said.
So much for the cashless society! Notice that those 4 countries quoted are not even developing countries that require more infrastructure. In a sense, the term "CBDC" is the wrong term as it seems to come with various assumptions, especially related to blockchain technology. Money between banks is already digital, so what does CBDC really mean?
What the banksters really want is "programmable money" and that is the personal loss of freedom that the opaque "CBDC" is trying to hide. To make digital money functional, and hence controllable, is the real long-term aim, and that means the technocratic dystopias will be the more tech-advanced nations.
Surveillance currency - they will all join, eventually, or, as the IMF says, they will lose currency sovereignty.
We are seeing a few small nations try that already - before being forced into it - altho many have been de facto USD territories.