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Why is US Congress to ask the bill to prohibit the US Feds from distribution CBDC?

via:区块链骑士     time:2022/1/15 17:08:24     readed:54

Tom Emmer, representative Tom Emmer, representative Tom Emmer, is proposed for the US Central Bank Digital Currency (CBDC), pointing out that the US Federal Reserve Committee (FederalReServe) is prohibited from issuing digital assets.

The government official claims that CBDC may bring more disadvantages to US citizens, not the benefits. On this basis, he believes that China's digital currency "ignores the benefits of cash and the protection of it."

China has developed a few years of CBDC and steadily advanced, which may launch a wide range of Beijing Winter Olympics in 2022.. Tom Emmer believes that this will optimize the China's payment system, but in a sense, it is harmed the freedom of the people.


Digital renminbi will be more transparent, vulnerable to review, and allow the government to completely monitor the financial situation of everyone. On this basis, the US government official puts forward his questioning to China's CBDC, and announced the proposed draft several drafts:

Tom Emmer believes that "more important than ever,Make sure the US digital monetary policy protects citizens's financial privacy, maintaining the dominance of the US dollar, and cultivating innovation capabilities. The CBDC that does not comply with these three basic principles will make the Fed's entity into retail banks, collect users' personal identity information, and track their transactions indefinitely. "

In this way, the financial system will be easily influenced by a fault, and open the door to citizens. In addition, the government officials believe that CBDC may become a monitoring tool that makes the US government have greater abilities to monitor their citizens.

EMMER Supplements: "Requires users to open accounts in the Fed to enter the US CBDC, which will make the Fed to a road to monitor the whole people."


Emmer calls for CBDC issued by the United States should be "open, unauthorized, private". The government officials have been actively promoting CRYPTO regulatory Congress, and his attitude towards CBDC and other digital assets is very different.

The US and its federal reserves claim that they are studying the development of CBDC. The Fed Chairman JeromePowell admitted that if the digital asset is integrated, the US payment mechanism will get more benefits.

However, the United States has not yet announced in the near future to develop, create or launch the CBDC plan. Some government officials, including Emmer, believe that the United States must accept innovation to maintain its status as a major currency.

Emmer believes "In order to maintain the US dollar as the world's reserve currency in the digital age, the United States should take priority to innovation, rather than competing with the private sector.. Simply put, we must give priority to a zipper chain technology with American characteristics. "

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