Thus, a well-known lawyer in the field of international financial law Kostiantyn Kryvopust expressed doubts about the feasibility of introducing a digital dollar – CBDC. One of the arguments given is the ability of the authorities to control the new potential currency, which defeats the original principle and purpose of creating such instruments.
A similar opinion is held by the author of the bestseller “Rich Dad, Poor Dad” and entrepreneur Robert Kiyosaki, who compared the CBDC in the US to a character in George Orwell’s novel “1984” and called for investing in the first cryptocurrency.
“In his book 1984, George Orwell warned: ‘Big Brother is watching.’ [US President Joe] Biden’s CBDC is ‘Big Brother,’” Kiyosaki wrote.
He called for buying “more gold, silver and bitcoin.”
In addition, the idea of launching a digital dollar is also criticized by politicians. In February, Congressman Tom Emmer introduced a bill to protect financial privacy when using the central bank’s digital currency.
He later stated that CBDC technology offends American values and could facilitate financial control over citizens.
In April, Texas Republican Senator Ted Cruz called the launch of a digital dollar “extremely dangerous” to society because the government would have access to every transaction. At the same time, he praised bitcoin and talked about his investments in the asset.
