• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Snowden: Deflationary Fed-Controlled CBDC Will Cause ‘Annihilation’ of Savings

by CBDC Insider
October 11, 2021
in Business
Reading Time: 2min read
0
Snowden: Deflationary Fed-Controlled CBDC Will Cause ‘Annihilation’ of Savings
Share on FacebookShare on Twitter

RELATED STORIES

Digital Yuan Sales During Lunar New Year Up From Last Year, Online Retailers Say

Digital Yuan Sales During Lunar New Year Up From Last Year, Online Retailers Say

February 2, 2023
Kotak Mahindra Bank Implements RBI’s First Phase of Digital Rupee

Kotak Mahindra Bank Implements RBI’s First Phase of Digital Rupee

February 2, 2023

Edward Snowden recently took to Twitter to weigh in on the hypothetical central bank digital currency (CBDC) issued by the US Federal Reserve Bank (Fed). In the tweet, Snowden commented on and gave criticisms against CBDCs.

Edward Snowden’s (@Snowden) original post was a link to an article that he published about CBDCs on Oct 9, 2021. In this post, Snowden delivers a comprehensive description of his position and arguments on the state of CBDCs and how they might be implemented by the US Federal government. Importantly, he stated that he is hoping for the article to “specifically to influence the Fed’s much-heralded and still-forthcoming “discussion paper,” a group-authored text on the topic of the costs and benefits of creating a CBDC.”

In the reply which Snowden later responded to @adasound_io (the Twitter handle of the Cardano-based NFT platform for musicians), sharing an excerpt of an opinion piece written by Dr. Prasad which was published in the New York Times in July 2021. In the excerpt, Dr. Prasad presents his arguments, which appear to paint the so-called ‘digital dollar’ in a positive light.
Read more
Previous Post

Visa Announces Interoperability Platform for CBDCs and Stablecoins

Next Post

Georgia Next in Line to Pilot its CBDC

Next Post
Georgia Next in Line to Pilot its CBDC

Georgia Next in Line to Pilot its CBDC

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register