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This year the top 10 crypto-asset holders outperformed the btc and the 12-month pensioners of the national oil company will receive 2 oils as a study in venezuela shows that the market share of altcoins has tripled since 2014 bank of russia wants to limit crypto investments by blocking card payments, report reveals . "It is important to note that the Fed does not and should not have the power to provide retail bank accounts," he said.
bill introduced to prohibit the fed from issuing cbdc directly to consumers
u.s. congressman tom emmer (mn-06) announced wednesday that he has “introduced a bill prohibiting the federal reserve from issuing a central bank digital currency (cbdc) directly to individuals.”
Bill Introduced to Prohibit the Fed From Issuing CBDC Directly to ConsumersU.S. Congressman Tom Emmer (MN-06) announced Wednesday that he has “introduced a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.”
He said countries like China "are developing CBDCs that fundamentally omit the benefits and protections of liquid money." Otherwise, the Fed could "mobilize itself in a retail bank, collect personally identifiable information about users, and track their transactions indefinitely," the lawmaker warned.
Otherwise, the Fed could "mobilize in a retail bank, collect personally identifiable information about users, and track their transactions indefinitely," the cautioned legislator.
not only would this cbdc model centralize americans’ financial information, leaving it vulnerable to attack, but it could also be used as a surveillance tool that americans should never tolerate from their own government.
It could also be used as a surveillance tool that the U.S. should never tolerate from its own government.
It could also be used as a monitoring tool that the United States should never tolerate from its own government.
it is important to note that the fed does not, and should not, have the authority to offer retail bank accounts.
Rep. emmer opined: it is important to note that the Fed does not and should not have the authority to provide retail bank accounts.
He added that "any CBDC implemented by the Fed must be open without authorization and private".
The mep concluded: "in order to maintain the status of the dollar as the world's reserve currency in a digital age, it is important that the u.s. take a leadership role in putting innovation first and not compete with the private sector." Meanwhile, the Federal Reserve Board has still not released a report on the work it promised to release last year.
Meanwhile, the Fed has yet to release a report on its CBDC work that it promised to release last year.
Tags within that story. Tags in this narrative, central bank digital money, mp tom emmer, digital dollar, fed chairman, federal reserve, president of the federal reserve, digital currency issuance, jerome powell, ban the federal reserve, tom emmer, according to you, should the fed issue a cbdc directly to individuals?
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