Overwhelming Majority of Americans Oppose US CBDC That Would Allow Government to Track and Control Spending: Survey
Henry Kanapi
June 12, 2023
A new survey from an American think tank shows an overwhelming majority of US adults are against the adoption of a central bank digital currency (CBDC) that allows the government to track and control their financial activities.
The Cato Institute, in collaboration with market research firm YouGov, collected responses from 2,126 US adults between February 27th to March 8th of this year to check the country’s sentiment on the potential pros and cons of a CBDC.
The study finds that 74% of respondents would oppose the issuance of a CDBC if it gave the government control over how people spend their money.
About 68% say that they are against the adoption of a CDBC if it meant that the government could keep an eye on their spending.
Meanwhile, 68% say that they will not support a CBDC if the digital dollar eliminated all cash, and 64% claim that they would be averse to adopting a CBDC if it allowed the Federal Reserve to tax Americans who tighten their belts during a recession.
More than half of the respondents (59%) say that they would not accept a CBDC that gives the government the power to freeze the bank accounts of American protesters.
Advertisement
______________________________________________________
The research also finds that only 16% of US adults favor the idea of a government-issued CBDC.
You can read the full report here.
Source: The Daily Hodl
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
