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Every central bank is working in a digital currency (CBDC); the insurance and safety will be one of the value propositions pitched by the government. CBDCs will
by propogandist 4y ago
Every central bank is working in a digital currency (CBDC); the insurance and safety will be one of the value propositions pitched by the government. CBDCs will enable governments to control money at the individual level, also, if needed.
Then, when the next lab-virus leaks, those that don’t comply with government mandates will be programmatically forbidden from spending their digital coins.
- krapp 4y agoWow. Name definitely checks out.
- propogandist 4y agoEvery country’s central bank is at a different stage of CBDC adoption. You can elect to put your head in the sand pretending this isn’t happening or assess initiatives underway and policies being promoted. Some examples: >[1] Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC > [2] Deputy Managing Director of the IMF sharing how central bank digital currency (CBDC) would allow the government to precisely control what people can and cannot spend their money on. > [3] Former UK Prime Minister Tony Blair calls for a digital database to monitor who is vaccinated and who is not for a future “pandemic” at WEF23 [1] https://cointelegraph.com/news/nigeria-bans-atm-cash-withdrawals-over-225-a-week-to-force-use-of-cbdc https://cointelegraph.com/news/nigeria-bans-atm-cash-withdra... [2] https://twitter.com/TimHinchliffe/status/1581058535609495552 https://twitter.com/TimHinchliffe/status/1581058535609495552 [3] https://twitter.com/DrewHLive/status/1616109951264653312 https://twitter.com/DrewHLive/status/1616109951264653312 https://www.bankofengland.co.uk/the-digital-pound https://www.bankofengland.co.uk/the-digital-pound