U.S. presidential candidate and former president Donald Trump vowed to “never allow” the Federal Reserve to create a central bank digital currency (CBDC) in the United States. 

The pledge came during a campaign speech in Portsmouth, New Hampshire on Jan. 17 where the former president of the United States said: “Tonight I’m making another promise to protect Americans from government tyranny.”

“I will never allow the creation of a Central Bank Digital Currency.”

The declaration was met with rapturous applause to which Trump replied “I didn’t know you know so much … New Hampshire, very smart people,” before continuing to explain:

“Such a currency would give a federal government, our federal government, the absolute control over your money […] they could take your money and you wouldn’t even know it was gone.”

“This would be a dangerous threat to freedom and I will stop it from coming to America,” he said.

This is a developing story, and further information will be added as it becomes available.