The Libertarian think tank, the Cato Institute, analyzed responses to the Federal Reserve consultation on central bank digital currency (CBDC) and found that two thirds of the comments rejected a digital dollar. By excluding blank comments or those soliciting work on the project, the figure rises to just over seventy percent.
“The most common concerns were over financial privacy, financial oppression, and the risk of disintermediating the banking system,” says a blog post.
That’s not to say the balance was all positive. In fact, only 11.74% were in support of a CBDC, and 17% were neutral.
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