The Impact of CBDC on the Banking Sector

The idea that's being put out behind CBDC is that it's going to be a safer form of money compared to demand deposits. The question is, if we're transacting more and more in a world with CBDC, is the state going to be able to monetize this? And then lastly, I sort of touched on this already, but I talk about this in some of my research, this notion of money as a property, right?