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Minnesota Congressman reintroduces a bill targeting potential CBDC surveillance to uphold US citizens’ financial privacy rights against government monitoring. Minnesota Congressman Tom Emmer reintroduced the CBDC Anti-Surveillance State Act on Sept. 12. The bill aims to protect US citizens’ privacy rights from a potential Central Bank Digital Currency (CBDC). The bill that has gained the support of 50 co-sponsors seeks to prevent the federal government from issuing a CBDC that would enable the authorities to monitor and track the financial activities of Americans. Emmer stated that the Biden administration plans to compromise Americans’ financial privacy by introducing a CBDC allowing surveillance and control. He added that his bill is focused on safeguarding the rights of Americans to financial privacy . You might also like: CBDC: gateway to state control or monetary innovation? CBDC and privacy challenges CBDC is a digital form of money issued and b...

Verge (XVG), a privacy-focused cryptocurrency, has experienced an astonishing surge of over 500% since the past week, signaling a potential revival of “dinosaur coins” in the crypto market. A shift in market sentiment Verge (XVG), a privacy coin, has increased more than 500% over the past week, according to data from CoinGecko. This significant increase is part of a broader trend where older cryptocurrencies, referred to as “dinosaur coins,” regain attention and value in the crypto market. First introduced in 2014, verge gained popularity during the bitcoin-driven bull run of 2017. Its unique selling proposition is providing a fast, efficient, and privacy-focused blockchain for transactions. However, in recent years, newer and trendier tokens have overshadowed verge and similar cryptocurrencies. It’s worth noting that Binance, the world’s largest centralized crypto exchange, recently reversed its decision to delist several privacy coins, including XVG, in...

Mykola Siusko, ambassador manager at Nym Technologies SA and ethical web3 enthusiast , delivered a thought-provoking speech on the significance of privacy and its impact on society during the ETHBarcelona conference. With a focus on empowerment and connectivity, Siusko highlighted the importance of privacy audits, the dangers of surveillance capitalism, and the need for user-friendly privacy tools. During the conference, Siusko underscored the crucial connection between privacy and security while acknowledging the lack of security audits in numerous web3 projects. Expressing concern about the trustworthiness of projects claiming to offer privacy without proper audits, Siusko emphasized the potential risks involved. They particularly emphasized the life-and-death consequences of privacy for individuals living in non-democratic countries. Siusko urged attendees to prioritize privacy, security, and human rights over flashy new technologies, advocating for a cultural shift towards em...