Here are just a few of the consequences of the central bank digital currency issue: (1) Digital central bank money displaces cash. Consumers and producers thus completely lose their financial privacy and become transparent.

(2) Once digital central bank money has become sufficiently widespread, the central bank can literally increase the money supply in the economy at the push of a button. The possibility of abuse with inflation, which is put into the hands of states and their central banks, is virtually maximised.

(3) The allocation of central bank digital currency is based on the principle of arbitrariness: The central bank decides who gets how much money and when – and who gets none. Some are favoured by the policy, others are disadvantaged. With digital central bank money, the overthrow of income and wealth relationships can be achieved more easily than ever using monetary means.

(4) Central bank digital currency can be combined with a social credit score, as in China. Behaviour that conforms to the system is favoured, while criticism of or even resistance to the system is punished. For example, payment options with CBDC are restricted if a politically prescribed maximum amount of meat is consumed, maximum travel distances are exceeded, or politically undesirable books are purchased.