Submitted on Monday 12th December 2022
Rejected on Thursday 15th December 2022
Current status: Rejected
Rejection code: no-action (see below for details)
Disadvantages of Central Bank Digital Currencies for UK citizens&DATA PROTECTION
As UK citizens we should be concerned about Central Bank Digital Currency. Traceability: where physical cash is eliminated entirely this eliminates our ability to transact in a fully anonymous manner. No option for physical cash this gives central banks ability to implement negative interest rates.
CBDCs make money “programmable”. I.E. Expiration, CBDCs could permit a currency expiration policy. Money could be programmed so the £XYZ in your account can expire.
With a bank of Big Data on individual spending habits, coupled with digital identification infrastructure, the central bank will have enough information to tailor its monetary policy personally. I.E. if it is known that lower earners have a higher propensity to consume, stimulus can be directed, it IS a divisive GLOBALISTS TOOL
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
3.145.34.51 Thu, 21 Nov 2024 14:08:32 +0000
