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Rogers also expressed his opinion on the central bank digital currencies (CBDCs) like digital yuan or digital euro, which have recently gained traction as a fitting reply to the launch of Facebook’s highly-publicized project Libra. The government is in favor of people using electronic money as it is trackable , and they can know who spent what amount. The government can exercise control over the consumers and their spending habits using electronic money, which is why they are fast-tracking their efforts toward the development of CBDCs. 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