U.S. presidential candidate Robert F. Kennedy Jr. alleges that the FedNow real-time settlement system is a precursor to a central bank digital currency (CBDC) that suits the Biden administration’s anti-crypto agenda. He warned that the FedNow instant payment system, due for release in July 2023, is the first step toward “financial slavery and political tyranny.” Kennedy Argues That Like CBDCs, FedNow Will Erode Liberties Kennedy, who filed candidacy papers on April 5, argues that, unlike a CBDC, Bitcoin insulates against government control. A CBDC, on the other hand, would empower the government to censor transactions. He also points out alleged
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Author: coinmaker