On October 9, whistleblower and privacy advocate Edward Snowden published an opinion editorial concerning central bank digital currencies (CBDCs) and claimed CBDCs are the newest danger cresting the public horizon. Snowden stressed that rather than being an innovation, CBDCs are closer to being a perversion of cryptocurrency and a cryptofascist currency.
Snowden Stresses CBDCs Are Expressly Designed to Deny Its Users the Basic Ownership of Their Money
While politicians and the modern banking cartel have been all about central bank digital currencies, a great number of critics believe they are no different than centralized databases. On Saturday, the former Central Intelligence Agency (CIA) and National Security Agency (NSA) subcontractor, Edward Snowden, published an article describing what he thinks CBDCs will bring to society. Snowden is a fan of decentralized crypto assets like bitcoin, ethereum, and zcash. However, when it comes to CBDCs the whistleblower is concerned about adopting the technology.
