Image: The News International
U.S President Donald Trump has strongly reaffirmed his stance against a Central Bank Digital Currency (CBDC), following up on his earlier executive actions by supporting legislative efforts to block the Federal Reserve from issuing a digital dollar, while simultaneously encouraging the growth of private dollar-backed stablecoins.
The administration cites major concerns that a digital dollar would threaten financial system stability, compromise individual consumer privacy, and undermine national sovereignty.
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