The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal Reserve’s direct issuance of a digital dollar.
AFPI: A CBDC ‘Would Represent the Greatest Threat to What Little Financial Privacy and Data Security Americans Enjoy’
According to the AFPI’s report, introducing a CBDC could grant the government unparalleled access to all financial transactions, eroding citizens’ privacy. They reference the IRS’s recent data exposures as an indication that federal agencies might not be equipped to handle Americans’ transaction data safely.
Moreover, the report cautions that a CBDC might allow authorities to selectively ostracize certain groups from the financial landscape. A case in point: the covert Obama-era Operation Choke Point, which saw officials nudg
We współpracy z: https://news.bitcoin.com/federal-reserve-cbdc-would-threaten-privacy-and-freedom-report-warns/
