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The US CBDC story is a fantasy – Bitcoin Magazine

This is an opinion piece by Shinobi, a self-taught educator in the Bitcoin space and tech-minded Bitcoin podcast host.

Debate over the US Central Bank Digital Currency (CBDC) has escalated again since the recent White House report on Bitcoin and cryptocurrencies. Will they make it? How long will it take? Governments, of course, will take advantage of the broad increase in oversight and powers that the CBDC will bring. right?

In their own report, they noted increased efficiency as a payments platform, faster cross-border payments, economic growth and stability (easier control of monetary policy), cyber and operational risks (security of financial institutions), breaches), protect the privacy of sensitive data, and minimize the risk of fraudulent financial transactions. In other words, they want a complete view of your entire financial activity, whether it’s depositing money directly into people’s accounts for stimulus or monetary policy purposes, or arbitrarily blocking “illegal activity.” I want to Dizzying targets mean who knows what the next year will bring.

The US CBDC story is a fantasy – Bitcoin Magazine

Source link The US CBDC story is a fantasy – Bitcoin Magazine

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