CBDCs are not only trackable, they may also be programmable. After a natural disaster, for example, a government could send citizens digital money that could be spent on food and medicine, but not alcohol. This means that governments will have a greater ability to decide who has access to digital money. In China’s case, Fanusie said, “it’s going to be easy for the central bank to turn off any wallets they want to turn off, because of political issues or crime fighting or whatever.”
