Here's a fact that may surprise you: today we already use a form of central bank digital currency (CBDC). Although full-fledged CBDC has not been officially released in most countries, the infrastructure and mechanisms are quietly being exposed right under our noses. And with that the privacy concerns you've heard about CBDC? They are more real than ever. digital transactions dominate. today over 90% of the world's money exists in digital form, stored primarily in commercial bank accounts. cash? It's a small part of our money supply. We are getting closer and closer to a fully digital financial system where every transaction is tracked and recorded. And while that may seem convenient, it's also the first step towards an all-encompassing digital currency regime.🔍 Did you know? The money you see in your bank account isn't money - it's a digital record in a centralized ledger maintained by the bank, but ultimately controlled by the central bank. This is just one step away from being a full-fledged CBDC.U.S. and European efforts to launch CBDCIn the United States, the Federal Reserve is actively researching and developing a digital dollar through initiatives such as "Project Hamilton," a joint effort with the Massachusetts Institute of Technology (MIT) to explore the technical design and policy implications of CBDC. The goal is not only to modernize the U.S. financial system, but also to maintain global leadership in the digital currency space. The European Central Bank (ECB), on the other hand, is moving forward with its digital euro project, aiming for a pilot phase by 2024. The ECB has stated that the digital euro will improve the efficiency of the European payment system and offer a safe option for digital public money.