Bitcoin vs. digital fiat is freedom vs. serfdom

Quick Summary:

Americans may now have a presidential order "prohibiting… a CBDC within the jurisdiction of the United States," but stablecoins look set to become government CBDCs disguised in decentralized private-bank clothing, able to perform the same functions. The current US administration's enthusiasm for stablecoins is remarkably aligned with the favored CBDC framework of the BIS, "a hybrid model which allows the division of labor between the central bank and private intermediaries".

It has already been proven in countless cases of financial repression all over the world, whether in Russia and Ukraine, Afghanistan and Cuba, or globally by organizations from WikiLeaks in 2011 to the Bitcoin Humanitarian Alliance in 2025. Recent: Is Bitcoin’s future in circular economies or national reserves?

Opinion by: Simon Cain, contributor at Bitcoin Policy UKMost jurisdictions globally are researching, developing or implementing retail central bank digital currencies (CBDCs).

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Article Details

Author / Journalist: Cointelegraph by Simon Cain

Category: Crypto

Markets: United StatesAfghanistanCubaUkraine

Topics: Digital Monetary Cbdcs Decentralized Financial Bitcoin Money Cbdc World Bank Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 10:00:00 (21 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 917 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28435084

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 32 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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