The Potential of CBDCs: Ex-US Presidential Candidate Vivek Ramaswamy Raises Concerns about Government’s Ability to Confiscate Funds

By Daisy Hodley Jan 25, 202438Views

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CBDCs: A Threat to Financial Freedom, Says Former US Presidential Candidate

Vivek Ramaswamy, a former Republican presidential candidate, warns that the introduction of a central bank digital currency (CBDC) in the United States could have severe consequences for citizens’ financial freedom. In an interview with Bloomberg Television, Ramaswamy expresses concerns that the government may exploit the digital dollar to target individuals who oppose their policies. He cites examples from China and Canada where dissenters had their bank accounts frozen. Ramaswamy commends former US President Donald Trump for his opposition to CBDCs, revealing that he influenced Trump’s stance on the matter. As a crypto supporter, Ramaswamy believes that the US government sees Bitcoin as a threat to its existence and refuses to fully embrace it.

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Daisy Hodley

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