Ex-SEC Official John Reed Stark Calls Out the Futility of CBDCs

In a post on his official Twitter account on July 4th, former SEC official John Reed Stark had strong words regarding Central Bank Digital Currencies (CBDCs). Stark insisted on the question “Why do we need a CBDC?” needing to be answered, claiming that CBDCs do not solve any problems. CBDC Criticism from Former SEC Official Stark made a criticism of CBDCs in a post from his official Twitter account on July 4th. He asserted that CBDCs essentially do not solve any problem, emphasizing the need to answer the question, “Why do we need a CBDC?” He also indicated that there are already a number of digital currencies that work incredibly well, regulated and monitored by government officials, FDIC or SIPC insured, and managed by US-registered financial institutions. Stark criticized some politicians for failing to understand that crypto is not innovative: Firstly, like crypto and stablecoins, you should start by answering […] The post Ex-SEC Official John Reed Stark Calls Out the Futility of CBDCs appeared first on COINTURK NEWS.