Crypto Updates

CBDCs Will Enable the Government To Seize Your Money, Says Ex-US Presidential Candidate Vivek Ramaswamy

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

Former Republican presidential candidate Vivek Ramaswamy says greenlighting a central bank digital currency (CBDC) in the US will have repercussions on the citizens’ financial freedom.

In a new interview with Bloomberg Television, Ramaswamy says the government may use the digital dollar to go after those who oppose them.

“A central bank digital currency, I believe, is a threat to liberty in this country because it creates a mechanism for the government to be able to wipe out your bank account or wipe out your dollars if you say or do something that the government disapproves of as you see in places like China, as you see even happened to the Canadian truckers, the Freedom Convoy, losing access to their financial bank accounts.

I think a central bank digital currency takes us further in that direction.”

He also commends Republican frontrunner Donald Trump for his anti-CBDC stance. The former US president has said that he will never allow the creation of the digital dollar and credited Ramaswamy for this position.

Says Ramaswamy,

“I explained that to Donald Trump and I give him a lot of credit for being intellectually open. Getting to the bottom of it, he took advice from a couple of other people who he trusted around him.

A few nights later, I saw him mention that and again last night, when he and I were at that rally together, came out strongly in favor of what I believe is the right answer, which is to oppose the creation of a central bank digital currency.”

Ramaswamy is a crypto supporter who previously said that the US government refuses to fully embrace Bitcoin (BTC) because it sees the benchmark crypto asset as a threat to its existence. He dropped out of the presidential race on January 16th.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment…

Click Here to Read the Full Original Article at The Daily Hodl…