WEF Economist Eswar Prasad Warns CBDCs Could Let Governments Control Your Spending

At WEF China, economist Eswar Prasad highlighted the power and risks of Central Bank Digital Currencies (CBDCs). He explained that digital money isn’t just about going cashless—it’s programmable. Governments could set expiry dates on currency or even restrict what it can buy, like ammo, drugs, or adult content.