2024

Bank AI

Bitcoin

<h4><strong>Trump declared that he would never allow the implementation of a Central Bank Digital Currency under his watch. </strong></h4> 
<p>He referred to a multitude in New Hampshire. Let’s discover more about what Trump thinks about implementing a CBDC.</p> 
<h5><strong>Diverse Concerns: From Economic Stability to Personal Privacy</strong></h5> 
<p>He argues that using a CBDC could threaten the liberty of Americans. Privacy concerns also feature prominently in Trump’s objections to a CBDC. He expresses worries that a government-backed digital currency could lead to an unprecedented level of surveillance. This will allow authorities to monitor citizens’ financial transactions with heightened scrutiny.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">"I will never allow the creation of a Central Bank Digital Currency." <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> <a href="https://t.co/deQZ9l30E0">pic.twitter.com/deQZ9l30E0</a></p> 
 <p>— Bitcoin (@Bitcoin) <a href="https://twitter.com/Bitcoin/status/1747834225573978530?ref_src=twsrc%5Etfw">January 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Trump has been a vocal advocate for individual <a href="https://www.altcoinbuzz.io/?s=privacy" target="_blank" rel="noopener">privacy</a> rights. He sees the potential implementation of a CBDC as a direct threat to the financial privacy that citizens currently enjoy with traditional forms of currency.</p> 
<p>Furthermore, Trump raises questions about the potential for abuse of power that could arise from a government-controlled digital currency. He argues that a <a href="https://www.altcoinbuzz.io/?s=cbdc" target="_blank" rel="noopener">CBDC</a> would give the government unprecedented control over individuals’ financial lives.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Last night, Vivek said he discussed opposing a Central Bank Digital Currency with Donald Trump.</p> 
 <p>Tonight Trump announced he would never allow the creation of CBDCs</p> 
 <p> Perfect example of how Trump is receptive to good ideas and is willing to put them into action. <a href="https://t.co/q7C83GslAY">pic.twitter.com/q7C83GslAY</a></p> 
 <p>— ALX <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@alx) <a href="https://twitter.com/alx/status/1747833108831826151?ref_src=twsrc%5Etfw">January 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>While Trump’s announcement has stirred controversy, it also highlights the ongoing debate surrounding the future of currency and the role of technology in shaping financial systems.</p> 
<p>As governments around the world explore the possibilities of CBDCs, Trump’s firm stance adds a significant voice to the chorus of those expressing reservations about the potential risks and consequences associated with the digitalization of currency</p> 
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<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/trump-rejects-using-a-cbdc-in-the-us/">Trump Rejects Using a CBDC in the US</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Trump Rejects Using a CBDC in the US

Altcoin Buzz

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