Cryptocurrency is a decentralized monetary framework. CBDC is a centralized government currency, a complete digital slavery via social credit score.
Rishi Sunak pushed the overall tax burden on UK taxpayers to its highest levels since the 1940s. In 2021 he proposed a central bank digital currency (CBDC) to be part of UK economy by the end 2025. Infosys IT company that is 1-in partnership with the World Economic forum 2-founded by Rishi's father-in-law Narayana Murthy, is stating on its website:
Digital Identity: The Catalyst for Inclusive Financial Services A post-pandemic recovery will require that all people have full digital access to the economic, social, and political realms. Businesses and governments must put power in the hands of the populace so that each person can buy, trade, and live a fruitful life. Deployment of unique Digital IDs, frictionless cross-border digital payments, digital banking on the go and the right regulation will be key.
