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Cryptocurrencies: 30019
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Cryptocurrencies: 30019
Markets: 116530
Market Cap: $2,620,897,397,080     
24h Vol: $44,461,169,961
Bitcoin.com 2023-02-09 20:30:36

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will
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