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A CBDC is not a digital version of the money you already use. It is programmable money, controlled at the source, by the state. Governments can build in expiry dates, so your money loses value if you don't spend it fast enough. They can restrict what you're allowed to buy. They can freeze your balance without a court order, without notice, and without appeal. They can tie your spending to a social credit score, a carbon allowance, or a political loyalty test. Every transaction becomes a data point in a permanent, government-readable ledger.

It's the same. All of this is permitted by the fine print of a traditional bank account.