CBDCs ‘threaten Americans’ core freedoms’ — Cato Institute By Cointelegraph
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A report from the Cato Institute argues that a United States government-issued central bank digital currency, or CBDC, would usurp the private sector and threaten citizens’ privacy and core freedoms.
The U.S. government is investigating the creation of a CBDC, essentially a digital dollar that would be backed by the Federal Reserve. According to analysis from the Cato Institute — a Washington, D.C.-based policy research think tank — this represents a clear and present danger to citizen privacy and the free market.
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A report from the Cato Institute argues that a United States government-issued central bank digital currency, or CBDC, would usurp the private sector and threaten citizens’ privacy and core freedoms.
The U.S. government is investigating the creation of a CBDC, essentially a digital dollar that would be backed by the Federal Reserve. According to analysis from the Cato Institute — a Washington, D.C.-based policy research think tank — this represents a clear and present danger to citizen privacy and the free market.
Continue Reading on Coin Telegraph
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