The House Bans The Fed From Building A CBDC Like The Digital Yuan
By taking this step, House legislators have decided not to pursue China’s path when it comes to central bank digital currencies, digital freedom and financial surveillance.
Tom Emmer Unveils Bill to Ban Fed from Issuing Government-Controlled Digital Currency
Countries such as Japan, the United Kingdom, and China are exploring how to use a CBDC, but NSA whistleblower Edward Snowden warned that the creation of CBDCs could annihilate the “savings of every wage-worker in the country.”