Texas SCR8 expresses opposition to the creation of a central bank digital currency.
Texas SCR8 expresses opposition to the creation of a central bank digital currency (CBDC). The resolution cites concerns about privacy, cybersecurity, and potential government surveillance. It argues that CBDCs could lead to unprecedented levels of government control over private cash holdings and transactions. The resolution also highlights the risk of cyber threats compromising a nation's financial system. The 89th Legislature of Texas opposes the creation of a CBDC.
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