Democratic Values

It is reported that Christopher Giancarlo, the former chairman of the United States Commodity Futures Trading Commission (CFTC), said in an article that the United States “must influence” the development of CBDC to protect “democratic values such as freedom of expression and privacy” and make use of the current technology used by some cryptocurrency protocols. Former CFTC Chairman of the United States: The United States must advocate a CBDC that guarantees high privacy Analysis based on this information:In a recent statement, Christopher Giancarlo, former United States Commodity Futures Trading Commission (CFTC) chairman, emphasized the importance of developing a central bank digital currency (CBDC) that supports democratic values. According to Giancarlo, the development of CBDC must be closely monitored to ensure that it protects individual privacy and freedom of expression. Giancarlo’s statement comes at a time when many countries around the world are considering the creation of state-backed digital currencies. China is already in the advanced stages of developing its own…