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.

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According to news.bitcoin.com

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