Former Republican presidential candidate Vivek Ramaswamy says greenlighting a central bank digital currency (CBDC) in the US will impact citizens’ financial freedom.
In a new interview with Bloomberg Television, Ramaswamy says the government could use the digital dollar to go after those who oppose them.
“A central bank digital currency, in my opinion, is a threat to freedom in this country because it creates a mechanism by which the government can wipe out your bank account or dollars if you say or do something that the government disapproves of. as you see in places like China, as you see, even happened with the Canadian truck drivers, the Freedom Convoy, who lost access to their financial bank accounts.
I think a central bank digital currency takes us further in that direction.”
He also praised Republican front-runner 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 has credited Ramaswamy for this position.
Says Ramaswamy,
“I explained that to Donald Trump and I give him a lot of credit for his intellectual openness. To get to the bottom of it, he took advice from a few other people he trusted around him.
A few nights later I saw him say that and last night, when he and I were at that meeting together, he spoke out strongly in favor of what I think is the right answer, which is to oppose the creation of a digital central bank. currency.”
Ramaswamy is a crypto supporter who previously said that the US government refuses to fully embrace Bitcoin (BTC) as it sees the benchmark crypto asset as a threat to its existence. On January 16, he dropped out of the presidential race.
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