‘Programmable money should terrify you’ Layah Heilpern

Social media influencer and TV host Layah Heilpern sees central bank digital currencies (CBDCs) as a way for banks and governments to control the public. should terrify you.”

and interview Heilpern, who also released “Undressing Bitcoin: A Revealing Guide To The World’s Most Revolutionary Asset” in September 2021, announced on the British news outlet GB News on August 19 that the national central bank digital currency ( CBDC) is underway. It could lead to financial censorship of citizens in the future.

Heilpern said that because CBDCs are essentially programmable cryptocurrencies that run on the blockchain, they could be “programmed against you” at the whim of the centralized authority behind them. said.

“For some reason, if you say the wrong thing because you know censorship is increasing, that money could be intrinsically programmed to be used against you.”

Hailpan added that while many may find the concept “very strange,” it is very real given the restrictions the government has imposed on unvaccinated people.

With CBDC, everything [the government] What you really need to do is program it so that it doesn’t spend that money on certain things.

Heilpern also said that CBDCs are marketed as “better for the environment” and serve as a “solution to rising inflation”, but that it is simply a “lie”.

Hailphan followed up the interview with a post on Twitter, stating, “Central bank digital currencies will be marketed as a better solution to the environment and inflation. It’s a lie. Money is the energy.” rice field. Programmable money should scare you because it fuels your life.

Central bank digital currencies are marketed as a better environmental and inflation solution.

it’s a lie.

Money is the energy that drives your life. Programmable money should scare you. @GBNEWS It’s the only UK platform we’re talking about. pic.twitter.com/AHulCEshNt

Raya Heilpern (@LayahHeilpern) August 18, 2022

But in particular, such concerns about financial censorship have become particularly prevalent across cryptocurrencies in recent times, with the recent Tornado Cash debacle, and US Treasury sanctions related to Ethereum-based privacy tools ETH and USDC. address was found.

According to the October 2021 report, 110 countries are at some stage of CBDC development, with Bahamas Sand Dollar CBDC It is the first of its kind to roll out in October 2020.

But perhaps the most controversial CBDC is Chinese “Yuan” (e-CNY), issued by the People’s Bank of China Pilot launch in April 2020some suggest that the crypto ban was done to make way for the digital yuan.

of Bank of Russia also started testing CBDC We aim to launch one before the 2024 presidential election.

However, despite much criticism CBDC could offer more macroeconomic stability to developing countries According to IMF Managing Director Kristalina Georgieva, compared to decentralized currencies, CBDCs are state-sponsored and, of course, compliant with regulations.