Rich Dad Poor Dad Author Warns Against Creation of CBDC
July 18, 2022
Robert Kiyosaki tweeted that creation of a CBDC is nothing but communism in its purest form.
Blasting at Biden’s Executive Order 14067, Kiyosaki said it’s about the most treasonous act in US history.
The executive order in question is titled Ensuring Responsible Development of Digital Assets and aims to regulate digital currencies.
US Treasury has asked for people’s comments on the executive order that will start the process of developing a digital dollar.
Several other countries have already issued or are in the final stages of launching a national digital currency in order to ward off competition from crypto.
China was among the first countries to issue a central bank-backed digital currency.
Crypto community has expressed concern regarding a centralized digital currency as it could be used by the government as a surveillance tool.