Crypto regulation on CBDCs in the US

Crypto regulation on CBDCs in the US

On 22 February 2023, US Congressman Tom Emmer spoke out regarding the regulation of the crypto world, introducing a bill to block the introduction of Central Bank Digital Currencies (CBDCs) in the United States.
The bill is called the “CBDC Anti-Surveillance State Act” and aims to protect Americans’ financial privacy and prevent government overreach.
The bill to regulate the crypto world and CBDCs
CBDCs are digital versions of national currencies, issued and backed by central banks. They are designed to be a more efficient and secure form of payment than physical cash, and many countries around the world are exploring the possibility of implementing them.
However, some experts have raised concerns about the potential risks and drawbacks of CBDCs, including the impact on financial privacy and the potential for government surveillance.
Congressman Emmer, a Republican from Minnesota, has long been an advocate of digital currencies and blockchain technology.
In the past, he has intr

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