What About Physical Cash?
The BoE said a digital version of sterling would not replace either physical cash or existing bank accounts.
Yeah, right.
Q: Once central banks can track every penny, guess what?
A: They will track every penny
Governments will know where every penny is coming from and going to and tax everything.
They will sell this scheme as a necessity to combat drugs, tax evasion, and a necessity for fairness.
Once in place, if governments ever decide people are "hoarding" money they will consider putting time limits on it to force people to spend it.
That’s what’s coming. And the pace seems to be picking up. No one wants China to be the first.-
Learn More: https://www.zerohedge.com/economics/britcoin-uk-considers-new-central-bank-digital-currency-what-happens-cash
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