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

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

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

So, as more nations have begun to develop and launch their own versions of CBDCs, it’s becoming increasingly clear that governments are competing not only to maintain their authority over legacy finance, but to seek an entirely new level of power. .

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