Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny – Regulation Bitcoin News

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Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny – Regulation Bitcoin News
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'We should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin,' said the presidential hopeful. BTC crypto cryptocurrency

Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny

Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago.”Lawyer and vaccine skeptic Robert F. Kennedy Jr. criticized the Federal Reserve’s Fednow system and central bank digital currencies in a tweet on Wednesday — the same day he filed paperwork to run for president in 2024. He is President John F. Kennedy’s nephew and U.S. Senator Robert F. Kennedy’s son.

“The Fed just announced it will introduce its ‘Fednow’ Central Bank Digital Currency in July,” he wrote, elaborating:is the Federal Reserve’s real-time gross settlement system for instant payments. However, the Fed’s CBDC development is separate from Fednow, and Fed Chair Jerome Powell said last month that the central bank’s CBDC work is still in the“While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs.

“Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs,” the presidential hopeful concluded.

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