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The Central Bank Digital Currency Tracker by the Atlantic Council paints a concerning picture of the rapid global adoption of Central Bank Digital Currencies (CBDCs). While it claims to provide insights into the CBDC landscape, one must question the motivations behind such centralized digital currencies and the potential risks they pose to financial privacy and autonomy. The platform highlights the number of countries hastily jumping on the CBDC bandwagon, with many in advanced stages of exploration. The tracker, although detailed, glosses over the significant challenges and national security implications of CBDCs. As part of the Atlantic Council’s GeoEconomics Center, this resource seems to champion the rise of CBDCs without adequately addressing the potential pitfalls and threats to individual freedoms.

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