Bitcoin Policy Institute Pens Paper Calling On U.S. To Reject CBDC — Bitcoin Magazine

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The Bit­coin Pol­i­cy Insti­tute (BPI) has released a report detail­ing why the U.S. should not cre­ate a cen­tral bank dig­i­tal cur­ren­cy (CBDC) and should instead pro­mote free­dom and pri­va­cy, per a release sent to Bit­coin Magazine.

BPI begins by explor­ing the strong pos­si­bil­i­ty of the 21st cen­tu­ry being known as “The Chi­nese Cen­tu­ry”, in ref­er­ence to the author­i­tar­i­an use of China’s CBDC and oth­er mil­i­tary, eco­nom­ic, and cul­tur­al hegemony. 

Thus, as more nations have start­ed to devel­op and release their own ver­sions of CBD­Cs, it is becom­ing increas­ing­ly clear that gov­ern­ments are vying to not only hold their author­i­ty over lega­cy finance, but seek an alto­geth­er new lev­el of power.

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