There is much written about CBDCs but little on the risks to society a CBDC would create. See these risks falling into three categories: 1. economic The key economic risk is inflation. A CBDC can be created at the press of a button and distributed widely, inflating the money supply without any corresponding increase in GDP. This risk can be mitigated by issuing CBDC to individuals and businesses only in return for bank deposits, or collateral paid for with bank deposits; and to government only in return for bonds that have a reasonable chance of being repaid through taxes. https://www.finextra.com/blogposting/21584/the-risks-to-society-of-central-bank-digital-currencies