Misleading claims about US digital currency circulate online

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The US is studying a possible central bank digital currency -- but despite what some posts claim, the plans would not allow the government to monitor and control purchases, and would not eliminate paper money

On Facebook, talk show host Clay Clark said in a September 18

that a central bank digital currency"could be turned on and off the way that Twitter can turn on and or off your account."he says:"This is a significant executive order that every American should know about because it would make it where you cannot buy or sell if certain parties aren't a fan of your actions if you voted for President Trump as an example that could turn off your ability to buy or sell.

But the US is far from launching a"digital dollar," which experts say would require participation from the independent central bank, the financial industry and Congress.

 

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Paper money will just become almost useless because all of big corp won’t accept it like how a good portion of the checkouts at your local grocery stores don’t now. that good ole inconvenience play…

I don't believe them but I hope that the current option will be available for people like paper money too, also I hope that it will be possible to use USDT.

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Even if the “plans” didn’t allow for it, the capability would entirely be there.

A similar argument was made during FDR; social security numbers would NEVER be used to track people's spending......

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