Central bank digital currencies (CBDCs) are emerging as a contentious topic in the United States. Rep. Mark Green has voiced strong opposition to CBDCs, arguing that they grant excessive control to central banks like the Federal Reserve, potentially leading to a surveillance state and a real road to serfdom. The Cato Institute has noted that while many governments worldwide are increasing controls and surveillance with CBDCs, the US appears to be taking a different approach. CBDCs, which are digital versions of a country's fiat currency, could significantly alter transaction privacy and reshape how money is issued and used, according to Gemini.
Digital ID & central bank digital currencies: ▪️What they say: “It’s for your safety and convenience.” ▪️What they mean: “It’s for our surveillance and control.” https://t.co/KT2Yubr4FK
EU is developing robust crypto frameworks while US leaders debate their golf handicaps.
Central bank digital currencies (CBDCs) are digital versions of a country's fiat currency They're reshaping how money is issued and used, and could significantly alter transaction privacy 👀 Unlike cash,… https://t.co/NR4wfaLY6v
Around the world, governments are enacting greater controls and surveillance with central bank digital currencies (CBDCs). Based on recent events, it seems the US is carving a different future. https://t.co/LFmIrYskuJ https://t.co/hhYmYAbqOz
From start to finish, a CBDC is controlled by a central bank like the Federal Reserve. Allowing this much control over our daily lives puts our country on a real road to serfdom. https://t.co/TG6VS2Er6F
Claiming that a CBDC can be designed to protect privacy is like claiming a surveillance state won’t abuse its power—it's absurd. https://t.co/I2qnf1zaBx