Expert witnesses on Central Bank Digital Currencies (CBDC) and fintech tell American lawmakers that programmable CBDC may lead to serious abuses of power and that there is little evidence that a CBDC would strengthen the economy or help bolster financial inclusion. The House Financial Services Committee Subcommittee on Digital Assets, Financial Technology and Inclusion held … Continue reading Programmable CBDC may lead to serious abuses of power, no reason for US to move toward CBDC now: Congressional hearing