Link: https://en.cryptonomist.ch/2023/08/22/cbdc-thailand-10000-baht-donations-citizen/
In summary:
Thailand will give out 10k baht (around 280 usd) in their own CBDC to citizens above 16 years of age, which will have following limitations:
1. This money will have lifetime of 6 months.
2. Has to be spent within 4 kilometers radius of recipient's home.
I thought that governments will wait a bit more to clearly present the CBDCs capability to geo-restrict spending. Although it was obvious that there is such capability, now it will be also clear to average people in all the countries.
So, IMO this shows the direction for the global endgame regarding CBDC:
1. Probably current currencies will be devalued with the inflation (most realistic scenario to devalue current levels of debt).
2. Average people will be given (or paid) CBDC with limited time to spend them and geo-limitations (this will be a method to enforce "5 min city" from WEF or whatever that was) and perhaps also other limitations as well (e.g. on what it can be spent).
In summary:
Thailand will give out 10k baht (around 280 usd) in their own CBDC to citizens above 16 years of age, which will have following limitations:
1. This money will have lifetime of 6 months.
2. Has to be spent within 4 kilometers radius of recipient's home.
I thought that governments will wait a bit more to clearly present the CBDCs capability to geo-restrict spending. Although it was obvious that there is such capability, now it will be also clear to average people in all the countries.
So, IMO this shows the direction for the global endgame regarding CBDC:
1. Probably current currencies will be devalued with the inflation (most realistic scenario to devalue current levels of debt).
2. Average people will be given (or paid) CBDC with limited time to spend them and geo-limitations (this will be a method to enforce "5 min city" from WEF or whatever that was) and perhaps also other limitations as well (e.g. on what it can be spent).
