At the start of the year, former US President Donald Trump announced that if he were re-elected, he would “never allow the creation of a central bank digital currency”. This campaign promise was made to “protect Americans from government tyranny”, according to the 45th president.
While various public statements made by the presumptive Republican nominee for this year’s presidential election in the US have been attracting ridicule, Trump’s CBDC promise is in line with global thinking, specifically for those who align themselves with libertarian politics.