Reserve

Jerome Powell

Donald Trump

Coin

<a href="https://bitcoinworld.co.in/donald-trump-to-stop-the-issuance-of-cbdc-if-elected/" title="Donald Trump To Stop The Issuance Of CBDC If Elected" rel="noopener noreferrer nofollow"></a>
Donald Trump has vowed to stop the issuance of a government-controlled digital currency if elected, as the Federal Reserve and global banks explore CBDCs.
Donald Trump, running for the Republican presidential nomination, has promised to block a central bank digital currency (CBDC).&nbsp;
He said this during a speech in New Hampshire, arguing that a CBDC could give the government too much control over money.
Trump has made it <a href="https://x.com/coinpaprika/status/1747870798457499991?s=46&amp;t=XD7LsMbFc5oaz4f-00bUwQ" rel="noopener noreferrer nofollow">clear</a> that he wants to protect Americans from government control. He fears that a CBDC would let the government have total control over citizens’ money, it could get as bad as the government taking citizen’s money without their knowledge.
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It has been reported that The Federal Reserve is considering a CBDC but has not decided yet.&nbsp;
Governor Michelle Bowman is not convinced of its need, while Chair Jerome Powell said any decision would need Congress’s approval.&nbsp;
The Fed’s website confirms no decision has been made about issuing a CBDC.
Globally, 130 countries are exploring a CBDC, with the Atlantic Council’s CBDC tracker showing 64 in advanced stages.&nbsp;
The European Central Bank is preparing for a digital euro, and China has already used its digital yuan for international trade.
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Donald Trump To Stop The Issuance Of CBDC If Elected

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