"CBDC is a central bank crypto-currency issued by the bank. The bank of england has explictly mentioend their intention to push for this. Whilst there are various criticisms from a privacy persepctive and an anti-surveilance perspective, an interesting cirticism from a western economist's perspective is that it could lead to the shrinking of the banking sector as it could lead to banking sector dis-intermediation if CBDC is seen as more attractive than bank deposits which might lead to a tightening of the credit supply."
