Simply Bitcoin The Digital Euro Is Here | Why They Want to Control Your Money | Beyond Bitcoin
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Sep 20, 2025 Explore the rise of central bank digital currencies and the hidden dangers of control they pose. Discover how the digital euro is marketed as a convenient cash alternative while masking troubling debt issues. Dive into the stark contrast between Bitcoin's decentralization and the restrictions of CBDCs. Learn practical tips on self-custody and safeguarding your digital assets. This discussion highlights the urgent need for awareness around financial sovereignty in the age of digital currencies.
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Digital Euro Pitched As Digital Cash
- CBDCs are being framed as convenient digital cash for everyday use.
- The ECB presents the digital euro as safe, fast, and ready within about 18 months.
Debt Pressures Create Control Incentives
- The euro area's debt levels are rising, with several countries well above safe limits.
- High public debt creates incentives for states to seek tools that limit capital flight.
Cyprus 2013: Withdrawals And Deposit Measures
- Cyprus imposed ATM withdrawal limits and pre-cleared transfers during its 2013 crisis.
- Authorities also considered taxing large deposits to secure a bailout and stop money leaving the country.