Japan backs IMF efforts to improve guidance on digital currency risks

Hmmm, I'm very concerned about two things:

Cybersecurity risks: CBDC could be vulnerable to hacking and other cybersecurity risks, which could compromise the financial system.

Privacy concerns: CBDC could potentially allow the government or central bank to monitor individuals' transactions and financial behavior. So you cannot hide your money. The gov can pull out your money easily when you don't pay your property tax, your monthly pension, etc. or just pull the plug and your account is frozen.

On the other hand, it cold potentially disintermediate banks and other financial institutions, reducing their role in the economy. Any thoughts?

I’ve always had most of my money in physical assets which are extremely fungible

Why would I want to give any government total control over my finances?

How about privacy concerns?

In the event that the government decides to demand private information from the CBDC holder and that information is not supplied or to some bureaucrats satisfaction, then what?

Your ‘money’ is withheld at the touch of a button!

Welcome to total state control!

Bank are worried about coming regulation,banks know if a minimum income tax is levied,they will break even,only the the Mega bank,the hold trillion and make billion quarterly ,banks have control people personal lives,you may be in a bad marriage,with someone you have a mortgage with,the bank do not give a damn,the distress it causes you, because you are in a position, not to get out of a bad relationship with a bank or your spouse

Let us NOT forget what the IMF is doing to women and children if third world countries, Starving them to death by Freezing assets and Blocking financial support and loans to nations that do not understand the west lifestyle and values or refuse to bow to their rules.

Afghanistan, Sudan, Iraq, Cuba, for example and many African and central / south American nations.

"Nobody" wants a CBDC. Let's have a referendum.

Hard pass on this !!

It’s all going to end in tears.

Scary as hell!

Imagine once the CBDC is ON:

"We regret to inform that your digital account is frozen. Approach your vaccination center to get booster #31 to unlock your digital wallet"

They already got one called Cash App,it an app ,where money is literally phone to your account,strangers can send you money, without any bank account attached

Somebody stole 200 thousands worth of dimes,from a truck delivered coins form the mint and some guy threw 200k from a highway in Oregon

Good luck when you have your next powercut/internet goes down due to any number of reasons.

"Nobody" wants a CBDC. Let's have a referendum.

Ain't gonna be happening. We don't live in a democracy anyway.

Bank keep people literally in slavery,by issuing of amortize loan such as mortgage and auto loan,where the borrower pays more interest in the 5 years of the mortgage than they do interest and can be penalized if they pay off the mortgage or get it refinance,and their mortgage too investors,to reap the windfall , through Mortgage Back Securities,these American bank are in panic mode , because the retribution of approved fraudulent Covid Relief Loans,some face fines and criminal prosecution