OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Is it possible to apply positive + in favor Newton III Motion Law as a dynamic system in a motor engine
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptySat Mar 23, 2024 11:33 pm by globalturbo

» Meta 1 Coin Scam Update - Robert Dunlop Arrested
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptySat Mar 23, 2024 12:14 am by RamblerNash

» As We Navigate Debs Passing
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Jan 08, 2024 6:18 pm by Ponee

» 10/7 — Much More Dangerous & Diabolical Than Anyone Knows
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyThu Nov 02, 2023 8:30 pm by KennyL

» Sundays and Deb.....
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptySun Oct 01, 2023 9:11 pm by NanneeRose

» African Official Exposes Bill Gates’ Depopulation Agenda: ‘My Country Is Not Your Laboratory’
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyThu Sep 21, 2023 4:39 am by NanneeRose

» DEBS HEALTH
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptySun Sep 03, 2023 10:23 am by ANENRO

» Attorney Reveals the “Exculpatory” Evidence Jack Smith Possesses that Exonerates President Trump
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyTue Aug 29, 2023 10:48 am by ANENRO

» Update From Site Owner to Members & Guests
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyTue Aug 29, 2023 10:47 am by ANENRO

» New global internet censorship began today
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 21, 2023 9:25 am by NanneeRose

» Alienated from reality
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 4:29 pm by PurpleSkyz

» Why does Russia now believe that Covid-19 was a US-created bioweapon?
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 4:27 pm by PurpleSkyz

»  Man reports history of interaction with seemingly intelligent orbs
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:34 pm by PurpleSkyz

» Western reactions to the controversial Benin Bronzes
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:29 pm by PurpleSkyz

» India unveils first images from Moon mission
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:27 pm by PurpleSkyz

» Scientists achieve nuclear fusion net energy gain for second time
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:25 pm by PurpleSkyz

» Putin Signals 5G Ban
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:07 pm by PurpleSkyz

» “Texas Student Dies in Car Accident — Discovers Life after Death”
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:05 pm by PurpleSkyz

» The hidden history taught by secret societies
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:03 pm by PurpleSkyz

» Vaccines and SIDS (Crib Death)
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 3:00 pm by PurpleSkyz

» Sun blasts out highest-energy radiation ever recorded, raising questions for solar physics
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptyMon Aug 07, 2023 2:29 pm by PurpleSkyz

» Why you should be eating more porcini mushrooms
 Monetary Transformation-Central Bank Digital Currencies (CBDC) EmptySun Aug 06, 2023 10:38 am by PurpleSkyz


You are not connected. Please login or register

Monetary Transformation-Central Bank Digital Currencies (CBDC)

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

 Monetary Transformation-Central Bank Digital Currencies (CBDC) Cbdc-1659134900882




Monetary Transformation-Central Bank Digital Currencies (CBDC)


The value of Bitcoins and NFTs may have fallen over the past year, but a different approach to cryptocurrency is growing in popularity around the world while showcasing a totally different face of the blockchain.
As Statista's Katharina Buchholz details below,  central bank digital currencies are controlled by governments like traditional currencies are and therefore represent the polar opposite of the idea of decentralized, non-traceable bitcoins. Several small nations and - as of October 2021, Nigeria - have launched central bank digital currencies, and several more populous countries are getting ready to jump aboard a different crypto hype train.
According to the Central Bank Digital Currency Tracker by Atlantic Council, CBDCs were launched even earlier than in Nigeria in Caribbean countries, for example in the Bahamas, Grenada, Dominica and Saint Lucia. The Sand Dollar of the Bahamas was the first central bank digital currency of the world upon its launch in 2019 and cleared the way for a rapid adoption around the region’s small nations.

 Monetary Transformation-Central Bank Digital Currencies (CBDC) 24571-1659134901245


You will find more infographics at Statista
The Chinese digital Yuan pilot made headlines in April 2019, but the project has not moved on since. Like Nigeria, China has a solid digital and mobile payment infrastructure. Large parts of the two countries' populations leapfrogged card payments and went straight from cash to digital payment options, which became hugely popular - may they be app or text-based. In developing countries, central banks also consider the potential of digital currencies reaching the unbanked.
Another reason for some governments to champion official digital currencies is the collection of data. Ubiquitous digital payments and tight government surveillance have led to a plethora of payment data already available to Chinese administrators. This knowledge on how people spend money will only grow with the implementation of the digital Yuan, even though the country’s central bank has said it will limit traceability and create what it calls “controllable anonymity.”
With the launch of the digital currency, every Yuan in circulation will either exist as physical or as digital currency. Analysts expect the Chinese government to raise the amount of digital currency in the future, thereby lowering the amount of physical currency available in the market. Some even think China plans to make all Yuan digital at one point.
Other countries which are in a CBDC pilot phase include Russia, Thailand, Malaysia, South Korea, Sweden, the United Arab Emirates and Saudi Arabia. It is unclear, however, which program could see a proper launch next. Concrete plans to launch a CBDC were recorded by the source in Canada, Australia, Brazil and India, among others.
The digital Euro is also in its development phase, with a pilot scheduled for 2023 in participating nations.

As Alt-Market's Brandon Smith detailed previously, with the introduction of CBDCs in the wake of a stagflationary crash, the central banks could call for a new global network of currencies to “stop such a crisis from ever happening again.” The BIS and the IMF will be ready and waiting with the SDR basket, or something very similar. The bankers will remove all physical money over a short period of time and a global digital system will take over. All privacy in trade will be gone, except for those people involved in barter, black markets and commodities.
The advent of CBDCs could also mean that money and economic participation will become privileges, not rights. Digital trade could be tied to a social credit system, much like the one that exists in communist China.
Want access to your checking and savings accounts? Better not say anything critical of the establishment, or you could be reported by a neighbor or stranger by cell phone app and have your money disappear in seconds. The onus will then be on you to prove that you are “loyal” and get access back. You are guilty until proven innocent. Maybe you don’t want to take the next untested mRNA vaccine for the next dubious pandemic threat? You’ll have little choice if your ability to function economically is controlled digitally.
This is the world we are facing if we allow central banks to fully digitize money and trade. It is a nightmare environment of complete authoritarianism. The public at large is mostly unaware of the incredible danger inherent in CBDCs and they must be educated before the current crisis grows so large that they can no longer focus on anything other than their own problems.

https://nexusnewsfeed.com/article/geopolitics/monetary-transformation-central-bank-digital-currencies-cbdc
Thanks to: https://nexusnewsfeed.com

 Monetary Transformation-Central Bank Digital Currencies (CBDC) Facebook_1658784364232_6957445894040453799

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum