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2020-05-03 16:10

Digital Dollars Give the State Too Much Control Over Money


Max Raskin is an adjunct professor of law at New York University. A bipartisan group of U.S. congressmen wrote Treasury Secretary Steven Mnuchin last week, urging him to consider the use of blockchain technology in administering the federal government’s coronavirus response. This comes just a month after Democrats in the House and Senate proposed bills that would allow individuals to hold checking accounts directly with Federal Reserve banks. Such accounts have been referred to as “digital dollars,” and such plans aim to both stimulate the economy with direct cash injections and bank the unbanked. Although this may seem like a

The post Digital Dollars Give the State Too Much Control Over Money appeared first on One Crypto News.



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