Some potential dangers of a digital dollar include:
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Privacy Concerns: A digital dollar could potentially lead to increased surveillance and monitoring of individuals' financial transactions, raising concerns about privacy and data security.
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Cybersecurity Risks: Digital currencies are vulnerable to cyberattacks and hacking, potentially putting users' funds at risk.
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Centralized Control: A digital dollar issued and controlled by a central authority could give that entity significant power over the financial system, potentially leading to abuse or manipulation.
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Financial Exclusion: People without access to digital devices or the internet may be excluded from using a digital dollar, widening the gap between the financially included and excluded populations.
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Economic Stability: The introduction of a digital dollar could have unforeseen effects on the economy and financial stability, potentially disrupting traditional monetary systems.
