Tag: CBDCs

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Russian President Putin: Western Financial System Dying, Major Western Banks Will Be Deprived of Their Monopoly

December 10, 2023

Russian President Vladimir Putin has stated that the Western financial system is “clearly becoming obsolete.” Furthermore, he said solutions involving blockchain and central bank digital currencies (CBDCs) “will pave the way for revolutionary shifts that will deprive the major Western banks of their monopoly.” Putin on Western Financial System Russian President Vladimir Putin shared his…
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China and Singapore Team Up to Allow Tourists to Spend Digital Yuan

December 10, 2023

Singapore and China have teamed up on a pilot to allow tourists in both countries to spend China’s central bank digital currency, the digital yuan. “This will enhance convenience for travelers when making purchases during their overseas travel,” Singapore’s central bank described. Tourists in China and Singpoare Can Spend Digital Yuan Singapore’s central bank, the…
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BIS Chief Touts Benefits of CBDCs, Says Crypto Reveals ‘Poorly Designed and Poorly Supervised Financial Systems’ 

November 8, 2023

In a Wednesday speech in Basel, Switzerland, Bank for International Settlements (BIS) chief Agustín Carstens argued that central bank digital currencies (CBDCs) will “sit at the core of the future financial system,” bringing innovation and meeting public expectations. While Challenges Remain, BIS Boss Agustín Carstens Insists CBDCs Will ‘Secure the Future Monetary System’ In February,…
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Nigerian Central Bank Refutes Media Reports Suggesting Its CBDC Poses a Threat to Financial Stability

October 11, 2023

The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure that misunderstandings are not fostered.” Book Gives an ‘In-Depth Understanding of CBDCs’ The Central Bank of Nigeria…
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How will CBDCs be used for political oppression in your country?

October 5, 2023

Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life. Central bank digital currencies (CBDCs) have emerged as a prominent topic in the financial world. They promise elevated stability, security, efficiency, and reduced corruption. Central banks, the International Monetary Fund, the World…
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CBDCs could support a more stable economy — if banks pull the strings

September 26, 2023

Central bank digital currencies (CBDCs) could confer economic benefits if governments don’t use them to cannibalize the commercial banking industry. Central Bank Digital Currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national…
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Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns

August 22, 2023

The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal Reserve’s direct issuance of a digital dollar. AFPI: A CBDC ‘Would Represent…
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BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say

August 14, 2023

The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross domestic product (GDP), it could become a counterpart of the G7 group of developed economies,…
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CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns

August 11, 2023

The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a threat to democracy in the United States. CBDC Is the ‘Latest Trojan Horse of the Great Reset,’ Opponent…
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