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CBDCs could be ‘easily weaponized’ to spy on US citizens: Congressman

Published 03/09/2023, 08:33 PM
Updated 03/09/2023, 10:20 PM

United States Representative Tom Emmer believes the launch of programmable central bank digital currency in the country could strip American citizens of their financial privacy.

Speaking on March 9 at the Cato Institute, a Washington D.C.-based libertarian think tank, Emmer explained that the programmable CBDC would be “easily weaponized” as a spying tool to “choke out politically unpopular activity,” among other things:

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