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.”