China created a digital yaun, or basically, their version of a digital dollar. Now our Federal Reserve is looking to do the same thing. I’m really concerned on a number of fronts here. First is that something like this could be used as a surveillance tool. Second, I forsee a similar approach to creating illegality of competing digital currency like Ethereum and Bitcoin. I don’t get into that world, as it’s speculation, but I believe it should exist. Thirdly, it could serve to further allow manipulation of our currency against us, by our own government, and bad actors. They are taking comments on this now… well, answers to 22 specific and very wonky questions.

The long-awaited study didn’t take a position on creating a central bank digital currency and asked the public for input. It also said the Fed would not issue a CBDC directly to individuals.