Bank for International Settlements wrote a glowing report about the “benefits” of the CBDC system. Here’s what I took away from this:

• Central bankers can execute policy or modify rates instantaneously, at the push of a button.
• Private crypto is bad.
• Central bank digital currency is good.
• CBDCs are better than crypto because they’re trusted.
• CBDCs aren’t “subject to the practical limitations of paper money.” (i.e., they can be tracked.) Therefore it protects against “money laundering, proliferation financing, and terrorist financing.”
• It will increase the pool of data generated on users and transactions, thus “helping” the “proper authorities.”
• “Multi-CBDC platforms” aids in decentralization. (i.e., a global economy)
• On a common CBDC platform across multiple central banks, transactions are recorded on one ledger.