Flashback - Pippa Malmgren: CBDC ‘Means Having an Almost Perfect Record of Every Single Transaction that Happens in the Economy’

EXCERPT:

MALMGREN: “What underpins a world order is always the financial system. And what we’re seeing in the world today, I think is we are on the brink of a dramatic change where we are about to — and I’ll say this boldly — we’re about to abandon the traditional system of money and accounting, and introduce a new one. And the new one, the new accounting is what we call blockchain. It means digital. It means having almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on. It also raises huge dangers in terms of the balance of power between states and citizens.”