In Episode 2 of The Global Citizen podcast, we take a deep dive into the controversial world of Central Bank Digital Currencies (CBDCs). We'll examine the situation in Nigeria, where the implementation of eNaira has led to nationwide protests, and take a closer look at the risks associated with CBDCs, including threats to personal freedom, privacy concerns, and the potential for increased central bank control. We'll also discuss the benefits and drawbacks of CBDCs, comparing them to cryptocurrencies, and consider the importance of fostering innovation and competition in the digital currency space to safeguard our financial systems and personal liberties.
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