News
By Sarah Wagner, American Faith
05-24-24
The House of Representatives passed a bill prohibiting the government from creating a central bank digital currency (CBDC).
The bill, called the “CBDC Anti-Surveillance State Act,” was introduced in September.
This bill prohibits a Federal Reserve bank from “offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar) directly or indirectly to an individual. Further, The Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from issuing a central bank digital currency.”
Read the full article here: House Passes Anti-Central Bank Digital Currency Bill – American Faith
