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Tether CEO Paolo Ardoino on CBDC threats
Stablecoin issuer Tether CEO Paolo Ardoino says central bank digital currencies (CBDCs) could turn money into a tool of surveillance. Speaking at TOKEN2049 in Singapore, he told James Heckman, founder of RTB Digital and publisher of TheStreet Roundtable, that while governments see CBDCs as progress, they could easily be used to control people instead of empowering them. For the uninitiated, CBDCs are digital forms of a nation’s fiat money issued and controlled by its central bank. Unlike cryptocurrencies such as Bitcoin, they are fully centralized and traceable. Heckman began the conversation with a blunt warning. ... (full story)
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