A report from the Cato Institute argues {that a} United States government-issued central financial institution digital forex, or CBDC, would usurp the non-public sector and threaten residents’ privateness and core freedoms.
The U.S. authorities is investigating the creation of a CBDC, primarily a digital greenback that will be backed by the Federal Reserve. In line with evaluation from the Cato Institute — a Washington, D.C.-based coverage analysis suppose tank — this represents a transparent and current hazard to citizen privateness and the free market.
