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Cameron Murphy’s policy on central bank digital currency (cbdc)

These issues below are sorted in descending order based on how important the average Australian voter ranked them on the quiz.

Topics

Should the government replace physical cash with a central bank digital currency?

  ChatGPT Party ResearchNo

Cameron Murphy’s answer is based on the following data:

ChatGPT Party Research

Very strongly agree

No

The Labor government has made public commitments and pursued legislation to ensure physical cash remains a permanent part of the Australian payment landscape. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Very strongly agree

No, cash protects privacy and works during power outages

The Labor government has introduced legislation to mandate cash acceptance for essentials, specifically citing privacy, reliability during outages, and financial inclusion. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

No, the government has no right to monitor private transactions

While Labor supports the continued use of cash for privacy, they also support the state's right to monitor transactions under anti-money laundering and counter-terrorism laws. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

No, it could be used to debank citizens for their political views

Labor agrees with maintaining physical cash but would likely view the specific claim about 'debanking for political views' as an unfounded fringe concern. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No, this could be a slippery slope to social credit systems

Labor rejects the framing of digital currency as a 'slippery slope' to a social credit system, viewing such comparisons as alarmist rhetoric. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Strongly disagree

Yes, it would make payments instant and low-cost

While Labor supports digital payment innovation, the government has consistently rejected the notion of replacing physical cash with a digital alternative. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Strongly disagree

No, decentralized stablecoins already provide low-fee secure transactions without state control

Labor prioritizes state-regulated financial systems and is cautious regarding decentralized stablecoins, viewing them as requiring more regulation rather than serving as a cash replacement. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Very strongly disagree

Yes

Treasurer Jim Chalmers has explicitly stated that physical cash is an essential part of the economy and that a CBDC would not be a replacement for it. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

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