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Bitcoin Policy Institute Pens Paper Calling On U.S. To Reject CBDC – Bitcoin Magazine

Why Bitcoiners Fear CBDCs - Bitcoin Magazine

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The Bitcoin Policy Institute (BPI) has released a report detailing why the United States should not create a central bank digital currency (CBDC) and instead promote freedom and privacy, according to a press release sent to Bitcoin Magazine.

BPI begins by exploring the strong possibility that the 21st century will be known as the “Chinese Century,” referring to China’s authoritarian use of the CBDC and other forms of military, economic, and cultural hegemony.

Thus, as more countries begin to develop and issue their own versions of CBDCs, it is becoming increasingly clear that governments are competing not only to maintain their authority over legacy finance, but also to aspire to an entirely new level of power.

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