Bahamas

Central bank digital currencies (CBDCs) are moving closer to reality across much of the world. Policymakers often present them as faster and more efficient tools for payments and cross-border transfers. Yet billionaire investor and founder of Bridgewater Associates, Ray Dalio, argues that control remains at stake with such systems.

When 134 countries play sorcerer's apprentices with CBDCs, it is 98% of the global economy that enters a zone of digital turbulence.