Financial Warfare: Afghan Central Bank’s $10B Confiscated by US, Biden Halts ...

Financial Warfare: Afghan Central Bank’s $10B Confiscated by US, Biden Halts ...

The war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left Kabul in great numbers, reports show that the New York branch of the Federal Reserve has confiscated $10 billion worth of the Afghanistan central bank’s assets. Moreover, last week the Biden administration halted dollar shipments that were headed to Afghanistan. America’s....


Related News

US Cyber Command Has Been Given its First Wartime Assignment

Cyber warfare has, to most people, always been a thing of movies and science-fiction books. But it looks like a harsh reality check is coming to people in the US, as Defense Secretary Ash Carter wants to elevate the status of US Cyber Command into a fully-capable weapon in the cyber warfare race. The Era of An offensive US Cyber Command. There is no denying the world of cyber warfare is changing from a defensive to a more aggressive approach. Until a few years ago, US Cyber Command was mostly designed to thwart incoming attacks from state-sponsored hackers, but things are looking very....

Biden Administration Looking to Increase Cryptocurrency Oversight to Protect ...

The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings of crypto assets. Biden Administration Discussing Crypto Regulation The Biden administration, lawmakers, and central bankers have held numerous meetings amid recent volatility in the crypto market, the Washington Post reported Tuesday. White House officials were briefed by the Treasury Department about....

Sources With Ties to Washington Say Joe Biden Will Renominate Fed Chair Jerom...

Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change. Jerome Powell to Stay for Second Term, Sources Say A report written by Market Watch contributor Greg Robb shows that U.S. president Joe Biden and his administration will likely keep Jerome Powell at the helm of the central bank. Robb says the sources stem from “analysts....

Afghan Girls Can Now ‘Participate in the Global Economy’ with Bitcoin & Learning Code

Code to Inspire just launched an Indiegogo campaign for the first coding center in Afghanistan of women, for women, by women, with the goal of prepping Afghan girls for careers in programming. A chunk of the curriculum focuses on digital currencies like bitcoin. The girls learn by doing. Code to Inspire provides the girls with books, computers, and other resources to teach them how to code. The girls dream up a problem and then design mobile apps or software that can tackle it. So where does bitcoin come into play? “Crypto currencies are an amazing and empowering tool for people who are....

Bank of England Official Discusses Implications of Central Bank Digital Currencies

Deputy Governor of the Bank of England Ben Broadbent has spoken out on the implications of a central bank digital currency (CBDC) for the financial system as we know it. In Broadbent’s lecture at the London School of Economics on March 2, he focused on what a central bank digital currency could look like, and potential economic implications of introducing one. Central Bank Digital Currency A CBDC could be issued by a central bank to widen access to the central bank’s balance sheet. Liabilities on the central bank’s balance sheet include banknotes and commercial bank reserves, and are the....