“During an appearance at a Banque de France (Bank of France) event, the chairman of the Federal Reserve, Jerome Powell, said if the US were to pursue a central bank digital currency (CBDC), it would be ‘identity verified’ and ‘not anonymous.”
Analyst Comment: It can’t be. Digital currency only works as control mechanism if it is tied to individuals. Further, this is why Biden’s recent executive order included regulations for digital currencies and cryptocurrencies. Cryptos will allow people to bypass digital currency controls, so they will need to be either shut down or heavily restricted for the current digital currency scheme to function. If you own crypto, get ready for a crackdown!