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Central Bank Digital Currency Fail? Worldwide Resistance Against Central Banks Gains Momentum

Is the fear over the adoption of Central Bank Digital Currencies (CBDCs) being over-hyped? Nigeria has been used by some as an example of what may be coming to the U.S. in terms of rolling out a CBDC, as Nigeria is the first major country to do a mass rollout of CBDCs and attempt to replace cash. But now one year later, it appears that the rollout of the Nigerian CBDC, the eNaira, has been a total failure, as their Supreme Court has ruled it is "unconstitutional," and there are calls f...
United States South Dakota Tom Emmer Nick Corbishley Godwin Emefiele Ron Desantis

'Dangerous Surveillance': Republican Lawmaker Wants to Ban Federal Reserve From Issuing Digital Currency

House Majority Whip Tom Emmer (R-Minn.) has introduced legislation that seeks to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC), while insisting that a digital equivalent to the dollar must uphold privacy and sovereignty.
New York United States Jerome Powell Tushar Jain Tom Emmerr Minn Ralph Norman

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