[asdfk-12]

Accounting for economic units is evident as far back as the Akkadian empire 5,000 years ago. Double-entry bookkeeping, central banking, ACH, SWIFT, etc. are iterations on a theme. CBDCs represent an incremental shift away from batch processing toward real-time messaging.

The current paradigm of universally KYC'd accounts, easily surveilled ACH, and a government-run interbank FedWire service already offer complete transparency to law enforcement and the treasury department.

[starkd]

True to some extent. But digital money brings it to a whole new level. Now they can shut down accounts. CBDC will allow a finer-grained control of all transactions. The ability to monitor every transaction you make.

[jqpabc123]

Now they can shut down accounts.

You think your bank can't shut down your account now?

The ability to monitor every transaction you make.

You think your bank and CC company can't do this now?

The only way to avoid being "monitored" is to use cash. And a CBDC won't change this.