United States Congressman Tom Emmer believes that the introduction of programmable central bank digital currency in the country will jeopardize the financial privacy of American citizens.

Emmer explained yesterday (9 March) at the Cato Institute, a think tank in Washington, D.C., that the programmable CBDC could be easily weaponized as a spying tool to “choke out the politically unpopular activity.” The Minnesota congressman further added:

“As the federal government seeks to maintain and expand financial control to which it has grown accustomed, the idea of the central bank digital currency has gained traction within the institutions of power in the United States as a government-controlled programmable money that can be easily weaponized into a surveillance tool.”

(By Suzuki Shillsalot)