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Tag: GovCoins

Why Edward Snowden Called GovCoins ‘Cryptofascist’ Currencies

Edward Snowden, the former government contractor who blew the whistle on NSA domestic surveillance activities, has spoken out against the creation of a U.S. Central Bank Digital Currency (CBDC) or govcoin.The Federal Reserve is due to release a discussion paper in the coming weeks or months on whether the U.S. should create its own govcoin. Fed Chair Jerome Powell told a press conference at the end of September the big concern is whether any potential benefits outweigh the risks or…