Ray Dalio Warns CBDCs Could Hand Governments Sweeping Financial Control

In brief

• Dalio said CBDCs could give governments unprecedented ability to monitor transactions and enforce policy through the financial system.
• He played down their long-term appeal as a store of value, arguing they would struggle to compete with money-market funds or bonds.
• The comments come as dozens of countries advance CBDC pilots, reviving debate over privacy, control and the future role of decentralized alternatives like Bitcoin.