Efforts of the Global Central Bank Digital Currency (CBDC) threaten to control financial institutions in the supply of money and personal savings, as the transatlantic division between the US and Europe has expanded in terms of financial technology.
CBDCS are digital versions of FIAT currency issued with a permission, private blockchain, usually controlled by a central bank, compared to decentralized blockchain networks.
“Not all digital currencies are the same,” said Susie Violet Ward, financial analyst, co-founder and CEO of Think Tank Bitcoin Policy UK, warning that CBDCs represent “weapons of money in its pure form.”
This new form that can be programmed money threatens to increase central bank control over spending, including a potential “expiry date” in personal thrift, Ward said during the reaction of the cointelegraph day -day X Space Show On Thursday, adding:
“They can control everything you do by money.”
“Although George Orwell does not predict that the money can be programmed to enter it. That almost closes the 1984 loop perfectly,” he added, referring to Orwell’s novel Dystopian, describing a world where a mild -central government controls the major aspects of human life, including public opinion and free speech.
Escape the death of privacy with bitcoin #Chainraaction https://t.co/NNNCXDFFAJ
– Cointelegraph (@cointelegraph) August 21, 2025
Europe has pushed the digital euro after Trump banned US CBDC
The transatlantic division between Europe and the US is growing, with the former pushing ahead of euro digital plans as the latter doubles the Stablecoin change and inhibit the creation of CBDCs.
On Friday, the The US House added A provision that prohibits the Federal Reserve from the release of a CBDC to nearly 1,300-page bill that sets the country’s defense policy for the 2026 fiscal year, Cointelegraph reported.
The provision of the Defense Policy bill will prohibit the Fed from the release of any digital currency or ownership and stop the Central Bank from offering financial or service products directly to individuals.
The chamber passed a similar bill supported by the Republican, the Anti-CBDC surveillance State law, in July with a slim most of 219 to 210, is now awaiting a vote in the Senate.
On January 23, US President Donald Trump signed a Executive order Which prohibits the establishment, release, circulation or use of CBDCSThe concerns of their potential threats are mentioned in the stability of the financial system, individual privacy and national sovereignty.
Related: Trump’s executive order is a ‘game-changer’ for institutional crypto adoption
However, the European Union is pushing ahead Digital Euro plansIt has been reported to have explored major public blockchains such as Ethereum for its CBDC, rather than a private, where data is limited to authorized creatures.
The digital euro is expected to be released in October 2025, European Central Bank President Christine Lagarde said at a news conference, emphasizing that the CBDC will be joined in cash and will offer privacy protections to address government concerns.
While CBDCs are praised for their potential to increase financial integration, critics have raised concerns about their monitoring capabilities.
In July 2023 Brazil Central Bank published the source code for its CBDC pilot, and it only lasted Four days for people to notice The monitoring and control mechanisms that are emerged within its code, allowing the central bank to freeze or reduce user funds within the CBDC dominant.
https://www.youtube.com/watch?v=4n4Pznl8Syw
Magazine: Is CBDCS Kryptonite for Crypto?
