Video: Differences From The Fed And ECB On CBDCs
For this episode of Fed Watch, the hosts discuss the European Central Banks plans for a digital currency and compare its thinking to the Fed's. The post Video: Differences From The Fed And ECB On CBDCs appeared first on Bitcoin Magazine.
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The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The post Video: The Fed Considers CBDCs And Bretton Woods 2.0 appeared first on Bitcoin Magazine.
A reading of two recent op-eds on central bank digital currencies (CBDCs).
On October 9, whistleblower and privacy advocate Edward Snowden published an opinion editorial concerning central bank digital currencies (CBDCs) and claimed CBDCs are “the newest danger cresting the public horizon.” Snowden stressed that rather than being an innovation, CBDC’s are “closer to being a perversion of cryptocurrency” and a “cryptofascist currency.” Snowden Stresses CBDCs ‘Are Expressly Designed to Deny Its Users the Basic Ownership of Their Money’ While politicians and the modern banking cartel have been all about....
Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?
The Bitcoin Policy Institute’s report on CBDCs makes a strong case for why the US should reject a centrally issued version of the dollar. Bitcoinist covered that already. This time, we’ll focus on the reasons why The Bitcoin Policy Institute thinks CBDCs don’t make sense and are not practical for capitalist societies. The main argument […]