Tag: CBDC
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Why the World Needs Real Asset-Backed Dollars to Mitigate CBDCs and Government Overreach
A recent incident in the UK has gone viral, igniting fierce debate over financial privacy and personal freedom. An English bank customer was denied access to his own funds—£2,500—until he provided proof of what the money would be used for. He simply wanted to buy a second-hand motorbike, yet the bank’s demand for documentation before…
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The ECB’s Digital Euro: A Financial Great Reset in Disguise
Mark Carney’s financial tyranny in Canada was bad enough, but now Europe is going full authoritarian dystopia with the European Central Bank’s (ECB) Digital Euro, set to launch in October. They failed to convince us voluntarily—so now they resort to fear, manipulation, and manufactured crises to force their agenda upon us. This isn’t about convenience.…
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Strategic Bitcoin Reserve: A Game Changer for U.S. Crypto Policy?
The concept of a strategic Bitcoin reserve is gaining momentum, with influential figures like Robert Bessent, the newly appointed Treasury Secretary and Howard Lutnick the Commerce Secretary, both expressing interest in establishing a wealth fund to invest in cryptocurrency. Both financial heavyweights “like Bitcoin” and could spearhead an initiative that not only secures a national…
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House Passes Bill To Block Fed-Issued Digital Dollar: What It Means for the Transition to Treasury Certificates
In a significant development, the U.S. House of Representatives has passed a bill that would prohibit the Federal Reserve from issuing a digital dollar. This move comes amid growing debate and scrutiny over the future of digital currencies and their potential implications for the financial system. In this blog post, we explore the implications of…
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Unraveling the Pros and Cons of Central Bank Digital Currencies (CBDCs)
To Enslave Humanity with a Social Credit System and Digital ID Central Bank Digital Currencies (CBDCs) have emerged as a hot topic in financial technology circles, with various nations across the globe exploring and implementing this revolutionary concept. These are virtual versions of national currencies, backed by the central bank, offering the prospect of significant…
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India Central Bank Digital Currency (CBDC) and Indian Rupee Offshore
The concept of Central Bank Digital Currency (CBDC) has been gaining traction globally, and India is no exception. The Reserve Bank of India (RBI) has been exploring the idea of a CBDC for a while now, and there are both potential benefits and drawbacks to such a move. Here are some potential pros and cons…
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Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency
Chairwoman Waters, Ranking Member McHenry, and other members of the Committee, I am pleased to join you today. With technology driving profound change, it is important we prepare for the financial system of the future and not limit our thinking to the financial system of today. No decision has been made about whether a U.S.…
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More Banks Exploring Working with Stellar & IBM’s Help
CBDCs are a form of cryptocurrency that straddles the fence between fiat money and crypto. Since most stable coins are backed by a reserve asset like US dollars or precious metals, they enjoy greater stability than other crypto coins. But since they’re blockchain-based, they offer greater security, privacy, and streamlined processing than traditional money. Jan…
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Cryptoassets, CBDC, and Privacy are Major Priorities for ETA’s Public Policy Agenda for 2022
WASHINGTON, Jan. 7, 2022 /PRNewswire/ — Today, the Electronic Transactions Association (ETA) released its 2022 policy priorities, highlighting the issues that are most relevant to ensuring that the digital payments industry is able to continue to provide efficient, secure payments services that benefit consumers. “The digital payments industry is one of the most innovative, dynamic, competitive industries…