Only a temporary win, since 45 million now have a DigitalID, the first step to a CBDC. Will it be a programmable CBDC? A June 12th 2024 article in Fintech News Singapore says Yes: "Bank of Thailand to Test Programmable Payments in Enhanced Sandbox"
Excerpt: "The new project will test programmable payments, which use technology to automatically set transaction conditions for goods and services, offering a variety of applications with proper risk management processes."
The article does not get specific on what "transaction conditions" are, but it most likely means that whoever or whatever does the programming will be inputting such conditions as limiting purchases, limiting sales, limiting volume of purchases and/or sales. The people will be told what they can and cannot buy, IOW quotas for everything for everyone (except the elites, of course). Over-buying and/or over-selling will be either denied and/or punished. You can be denied anything without recourse. Massive numbers of surveillance devices can be used to monitor everyone. Programmable CBDCs will provide the means to enslave entire populations.
Will the "proper risk management processes" be initially benign, and even if they are, how long will it be before a present or future government decides it wants total and absolute power. Or will it be the programmers who grab the power (thanks for that thought big brother)?
One possible mitigation is to make a law that the Central Bank is prohibited from offering CBDCs to individuals.