The @WhiteHouse has brought CBDC & digital asset talks back to the forefront of the news cycle.
💰With that being said, here is a must-read #ampFW piece that @kilianlaverty released in @thehill back in March, on the dangers of a CBDC! thehill.com/blogs/congress…
💰With that being said, here is a must-read #ampFW piece that @kilianlaverty released in @thehill back in March, on the dangers of a CBDC! thehill.com/blogs/congress…
"The widespread use of digital assets would allow consumers to transfer money near-instantaneously rather than rely on a series of intermediaries to conduct a single transaction." -@kilianlaverty via @thehill #ampFW ampfw.org/3LlQZOf
"A CBDC is a profoundly dangerous tool that threatens consumer privacy and security as well as the continued innovation of the digital asset market." -@kilianlaverty #ampFW ampfw.org/3LlQZOf
"A CBDC is a digital form of central bank money. In practice, a CBDC would be widely available to the public and used as a digital dollar. There are currently over 90 countries worldwide that are examining, developing, or implementing CBDC." #ampFW ampfw.org/3LlQZOf
"The most notable and troubling CBDC in development is the Chinese yuan.
The pinnacle of digital authoritarianism, this digital currency would be linked to a social credit score that gives the Chinese government instant knowledge and control.." #ampFW ampfw.org/3LlQZOf
The pinnacle of digital authoritarianism, this digital currency would be linked to a social credit score that gives the Chinese government instant knowledge and control.." #ampFW ampfw.org/3LlQZOf
"While we examine the future of digital currency in the United States, we cannot forget or diminish the value of cash." -@kilianlaverty via @thehill #ampFW ampfw.org/3LlQZOf
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