The digital dollar will not be anonymous, Federal Reserve chair Jerome Powell says
Erasing the anonymity of physical cash and privacy-focused cryptocurrencies.
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Even without the never before seen level of financial control that CBDCs would give to governments, some countries have already demonstrated that they’re willing to use their financial systems to target protestors. One of the most prominent examples of this was the Canadian government’s actions against the Freedom Convoy which was protesting vaccine mandates. The Canadian government froze the bank accounts of protesters and their family members and gave protestors permanent records.