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Biden to order studies on regulating, issuing cryptocurrency

15 pointsby caaqilabout 3 years ago

3 comments

fsociety999about 3 years ago
Everyone should be opposed to a central bank digital currency. If you think tracking and censorship is bad now with tech companies, wait until the Government can control your access to money and cut off access to the financial system for any or no reason. Not only that, but the surveillance capabilities will be better than even George Orwell could have envisioned. Imagine if your wallet is restricted so you can only spend money at certain locations on certain days or times.<p>I am aware that technically the Federal Reserve is not part of the Government, but the reality is that they are ABOVE it which is even scarier. They are not accountable to the people via elections or any other means.<p>I do not know how they intend to spin this as a positive for society, but I am sure they will come up with something. Perhaps they will say that it makes it more easier to track down terrorists and criminals, or that it is necessary because Bitcoin mining uses a lot of energy, or that it is necessary to control Russia, but make no mistake, this is and will be an attack on regular working class people.
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bitxbitxbitcoinabout 3 years ago
Studies on issuing cryptocurrency… central bank digital currencies are really coming.
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ddaalluu2about 3 years ago
Cryptocurrency needs to be banned. It&#x27;s a major factor in climate change
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