CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

[newshunter]

CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

Former CFTC Chair Christopher Giancarlo says that Anti-Money Laundering and Know Your Customer measures are both outdated and constitutionally questionable and that crypto technology could do better.

Source: CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

Would appreciate your opinion about this

[OpenCEX]

Unfortunately, CBDCs won’t become ‘freedom coins.’
Many people remember Facebook’s Diem (formerly Libra), don’t they? That was supposed to be the freedom coin. But governments and regulators didn’t allow the project to issue its own cryptocurrency.