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2025-10-01 14:00:38 UTC

EconWithNick on Nostr: It is absolutely wrong for the New York Times to say a CBDC has "no risk of frozen ...

It is absolutely wrong for the New York Times to say a CBDC has "no risk of frozen funds."

The Vietnamese government reportedly just froze 86 million accounts, the Russian government froze the accounts of Alexei Navalny and his allies, the Canadian government froze the accounts of the Freedom Convoy protests, the Nigerian government froze the accounts of people protesting policy brutality...

Do I need to go on?

And this is to say nothing of the fact that private providers often freeze accounts because they have been deputized as law enforcement.