United States Congressman Tom Emmer believes the launch of programmable central bank digital currency (CBDC) in the country could strip American citizens of their financial privacy.
Speaking at the Cato Institute, a Washington DC-based libertarian think tank on Mar. 9, Emmer explained that the programmable CBDC would be “easily weaponized” as a spying tool to “choke out politically unpopular activity,” among other things:
As the federal government seeks to maintain and expand financial control to which it has grown accustomed, the idea of the central bank digital currency has gained traction within the institutions of power in the United States as a government-controlled programmable money that can be easily weaponized into a surveillance tool.”
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The Minnesota Representative introduced the CBDC Anti-Surveillance Act on Feb. 22 to halt the
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