CBDC Implementation Will Usher in Global Tyranny: Aaron Day

Author Aaron Day has warned against the widespread adoption of central bank digital currencies, arguing that their implementation will lead to ‘global tyranny.’

Sheets of one dollar bills run through the printing press at the Bureau of Engraving and Printing in Washington, on March 24, 2015. Mark Wilson/Getty Images

Central bank digital currency (CBDC), which is programmable digital money that could be monitored and censored by the government, threatens to usher in a new form of global tyranny, according to author and serial entrepreneur Aaron Day.

The idea of CBDCs that has been sold to the public is that it’s a form of digital money that’s cheap, easy to use, and more convenient than cash.