Cato Institute warns CBDCs could endanger Americans' core freedoms and privacy. A digital dollar backed by the Fed may not be the solution we need.
A report from the Cato Institute argues that a United States government-issued central bank digital currency, or CBDC, would usurp the private sector and threaten citizens’ privacy and core freedoms.
The U.S. government is investigating the creation of a CBDC, essentially a digital dollar that would be backed by the Federal Reserve. According to analysis from the Cato Institute — a Washington, D.C.
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