Biden is planning a new digital currency. Here’s why you should be ...
▻https://diasp.eu/p/14315479
Biden is planning a new digital currency. Here’s why you should be very worried
March 26, 2022
▻https://thehill.com/opinion/finance/599768-biden-is-planning-a-new-digital-currency-heres-why-you-should-be-ver
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The order further directs the Treasury Department, Office of the Attorney General and Federal Reserve to work together to produce a “legislative proposal” to create a digital currency within 210 days, about seven months.
A #digital_dollar would not merely be a digital version of the existing U.S. #dollar, but rather an entirely new currency that would, at least at first, exist alongside today’s currency. Similar to cash, the CBDC would be used to pay for goods and services and would likely be managed by the Federal Reserve, the central bank of the United States.
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