Snowden refers to the Fed-backed CBDC as a “useful policy tool” to annihilate people’s savings.
While Snowden remains critical of the CBDC or the Digital dollar, he is positive for public cryptocurrencies like Bitcoin.

The U.S. Federal Reserve is yet to issue a central bank digital currency (CBDC). However, it is considering a future hypothetical case. But popular whistleblower Edward Snowden has expressed dissent for such a concept.
Last Saturday, October 9, Snowden published an article with a comprehensive take on Fed-controlled CBDCs. He also noted about the U.S. Federal government shall implement it if they plan to.
In a further response to his tweet, Snowden shared an excerpt of the opinion piece from Dr Prasad. In the opinion story published in NY Times back in July 2021, Dr Prasad praised the so-called digital dollar. The excerpt from the opinion piece notes that if the new digital dollar replaces cash “the Fed could impose a negative interest rate by gradually shrink

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