Snowden: CBDC is a crypto-fascist currency

Snowden: CBDC is a crypto-fascist currency

Former CIA and NSA employee Edward Snowden called the idea of ​​creating national currencies “a new danger on the horizon of personal freedoms.”

Many countries are already seriously considering the possibility of launching a CBDC, and some are already in the final stages of testing. However, cryptocurrency supporters believe that central bank digital currencies are little different from today's centralized databases.


Edward Snowden published an article in which he shared his opinion on CBDC. He wrote:



I'll tell you what CBDC is NOT - it is NOT a digital dollar as Wikipedia tells you. Most dollars are already digital. They don't exist as something real, they don't exist in your wallet in your pocket, they exist as entries in a bank database, and are displayed behind glass on your phone. Central Bank Digital Currency is also not a government cryptocurrency - at least not a cryptocurrency in the sense that almost everyone who understands it understands it.

Also:


CBDC is something closer to a perverted cryptocurrency, or a perversion of its basic principles. A crypto-fascist currency, an evil twin specifically created to deprive its users of ownership of their money and install the state as an intermediary in every transaction.

Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies


According to news.bitcoin.com

You May Also Like

142018-05-18

Switzerland is thinking about releasing a national cryptocurrency e-franc

Switzerland has the status of an open country in relation to virtual currencies and has become one of the states considering the possibility of issuing its own digital currency.

National Cryptocurrencies
182017-12-27

Venezuelan cryptocurrency El Petro will be backed by oil and gold

“For every El Petro, a barrel of oil,” said Venezuelan President Nicolas Maduro, promising to launch digital currency mining throughout the country

National Cryptocurrencies

Latest articles from National Cryptocurrencies category

Fresh video on our Channel