{"id":393051,"date":"2022-01-12T18:15:30","date_gmt":"2022-01-12T15:15:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-lawmaker-proposes-bill-aimed-at-limiting-feds-ability-to-issue-cbdc\/"},"modified":"2022-01-12T18:15:30","modified_gmt":"2022-01-12T15:15:30","slug":"us-lawmaker-proposes-bill-aimed-at-limiting-feds-ability-to-issue-cbdc","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-lawmaker-proposes-bill-aimed-at-limiting-feds-ability-to-issue-cbdc\/","title":{"rendered":"# US lawmaker proposes bill aimed at limiting Fed’s ability to issue CBDC"},"content":{"rendered":"

“# US lawmaker proposes bill aimed at limiting Fed’s ability to issue CBDC <\/strong>”
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Minnesota Representative Tom Emmer has announced he will be introducing a bill intended to prevent the Federal Reserve from acting as a retail bank in the potential issuance of a digital dollar.<\/p>\n

In a Wednesday announcement, Emmer said<\/a>\u00a0the bill would prohibit<\/a> the Fed from issuing a central bank digital currency, or CBDC, directly to U.S. consumers. According to the Minnesota representative, having the government entity require users to open accounts to access the benefits of a digital dollar would \u201cput the Fed on an insidious path akin to China\u2019s digital authoritarianism.\u201d<\/p>\n

\u201cThe Fed does not, and should not, have the authority to offer retail bank accounts,\u201d said Emmer. \u201cRegardless, any CBDC implemented by the Fed must be open, permissionless and private. This means that any digital dollar must be accessible to all, transact on a blockchain that is transparent to all, and maintain the privacy elements of cash.\u201d <\/p>\n

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Today, I introduced a bill prohibiting the Fed from issuing a central bank digital currency directly to individuals. Here\u2019s why it matters: pic.twitter.com\/S7pQ5rVc6n<\/a><\/p>\n

\u2014 Tom Emmer (@RepTomEmmer) January 12, 2022<\/a><\/p><\/blockquote>\n