John Carpay: Replacing Cash With a Digital Dollar Would Pose a Grave Threat to Our Rights and Freedoms

Abstract of central bank digital currency (CBDC). Comdas/Shutterstock

Commentary

The Bank of Canada has made no secret of its efforts to explore a Central Bank Digital Currency (CBDC), a “digital dollar” issued and controlled by the central bank. The Bank of Canada is not alone. To date, 134 countries and currency unions have explored a CBDC, and 66 countries are already in advanced stages of implementation.