Central Bank Digital Currencies: A Technocratic Fallacy
CBDCs are antithetical to bitcoin and represent repression as opposed to freedom.You may have heard of central bank digital currencies (CBDCs) and have had a slight read over what they are and the reasons for their current or proposed existence. Many people aren’t interested in it, to be frank. Maybe it’s the boring acronym, maybe it’s just another thing in a failing system that needs no long-term attention. CBDCs are bigger than most think. They are the fundamental mechanism for the “Great Reset” in my eyes and will affect close to everyone on this planet in a plethora of ways.There is....
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In this episode of Fed Watch, the hosts discuss the potential for a digital euro, central bank digital currencies and the "financial hurricane" that is ongoing The post Video: Digital Euro, Central Bank Digital Currencies And Bitcoin appeared first on Bitcoin Magazine.
The Central Bank of Brazil (Banco Central do Brasil) has issued a digital currency warning, joining the central banks of India, China and many other large economies across the globe in outlining risks associated with digital currencies. The Brazilian warning does not bring anything new to the table, it reads like similar statements issued by other national regulators over the past few months. The bank points out that digital currencies should not be confused with electronic money, as defined by Brazilian legislation. Unlike digital currencies, electronic money is governed by various....
Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new central bank digital currency (CBDC) tracker featuring an interactive database last week. The Geoeconomics Center described itself as “a nonpartisan organization that galvanizes U.S. leadership and engagement in the....
The Central Bank of the Republic of Armenia has advised its citizens not to use digital currencies such as bitcoin. The Armenian central bank told regional news service ARKA last month that, in its view, the use of digital currencies should be avoided due to a lack of regulation in the industry. The comments appear to be some of the first from the institution on the technology. The central bank told ARKA: "According to Armenian legislation, virtual currencies, including bitcoins are not considered electronic money. This in view, the regulator calls on citizens to refrain from using them,....
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.”
BIS Central Bank Digital Currency Survey
The Bank of International Settlements (BIS) published a report last week titled “Gaining momentum — Results of the 2021 BIS survey on central bank digital currencies.” The report is authored by the bank’s senior economist....