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Central Bank digital currency or cbdc is a new form of currency a medium of exchange that the Biden Administration through executive order 14067 is planning on rolling out here relatively soon here relatively soon and forcing in my opinion and the opinions of many others who think similar to me an unconstitutional intrusion a invasion of privacy ability to track trace and ultimately tax people on what they would traditionally be cash transactions this could be lending money to family and friends this could be buying used items at a garage sale this could be tipping a server a waitress or even your favorite adult Entertainer and ultimately this will be the end of cash as we all knew it granted cash out will still exist and yes the IRS will probably be looking to if not abolish the entire system as a service but Implement their 1099k miscellaneous tax requirements uh ultimately folks just just depend on plan on paying a lot of tax okay and there are states that are in agreement with this