Crypto Blog
The United States House of Representatives voted on Thursday in favor of barring the Federal Reserve from directly issuing a Central Bank Digital Currency to its citizens.
“My legislation ensures that the United States’ digital currency policy remains in the hands of the American people so that any development of digital money reflects our values of privacy, individual sovereignty, and free market competitiveness,”Unlike Bitcoin, CBDCs are controlled and issued directly by a central bank, and are either backed by or used as substitutes for a nation’s fiat currency.
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