Additionally, while many in the FED are skeptical toward an American CBDC, more and more reports are indicating that central bank digital currencies are the future.

Source: https://247wallst.com/investing/2023/02/26/russias-central-bank-plans-to-launch-a-limited-cbdc-pilot-on-april-1st/

Among those countries, 11 had already launched a CBDC, and 21 were piloting one.

Source: https://www.moneysense.ca/save/banking/central-bank-digital-currency-canada/

As potential candidates fine-tune their platforms in anticipation of 2024 presidential campaigns, Robert F. Kennedy Jr jumped on board the CBDC hate train last week to join Florida Governor Ron DeSantis.

Source: https://biztoc.com/x/afc52a60657de77e?ref=ff

Like paper dollars, a CBDC would be a liability of the central bank.

Source: https://biztoc.com/x/be8e14b94c9993e2?ref=ff

News company El Sol de Mexico contacted the Bank of Mexico with a transparency request on the status of the CBDC.

Source: https://biztoc.com/x/c13e4ddc01e51abc?ref=ff

Soon everybody will have a CBDC account as well.

Source: https://www.lewrockwell.com/2023/05/doug-casey/death-of-privacy-and-what-comes-next/

The bank invited views from the public on the potential introduction of a central bank digital currency (CBDC) in February last year, in a shift from its original opposition to crypto assets, but it has decided not to issue any.

Source: https://www.channelnewsasia.com/business/kenya-central-bank-says-digital-currency-not-compelling-priority-3533931?cid=cna_flip_070214

The Bank of England (BoE) has begun its due consideration on CBDC.

Source: https://www.gadgets360.com/cryptocurrency/news/digital-pound-uk-benefit-assessment-order-cbdc-rollout-comes-close-4632968

The Biden administration and the Federal Reserve are taking steps toward the potential roll-out of a central bank digital currency (CBDC).

Source: https://biztoc.com/x/4aa4e48f8141e9ac?ref=ff

The main conclusion of our report is that there are no problems to which a CBDC is the only or even the most obvious answer.”

Source: https://jerseyeveningpost.com/morenews/uknews/2023/02/02/digital-pound-has-risks-but-no-obvious-benefits-says-ex-bank-of-england-chief/

The monopolized nature of CBDC is a stark departure from cryptocurrency, which is decentralized, anonymous, and secure and leaves control in the hands of its users.

Source: https://www.breitbart.com/politics/2023/07/11/communism-in-america-how-the-u-s-digital-dollar-mimics-chinas-authoritarian-digital-yuan/

The Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) also released a white paper last year requesting submissions about the creation of a possible Australian central bank digital currency (CBDC).

Source: https://www.itnews.com.au/news/nab-pushes-forward-with-stablecoin-ambitions-589932?utm_source=feed&utm_medium=rss&utm_campaign=iTnews+

The Smart Stabilization System holds significant potential for maintaining the stability of both financial assets and digital currencies, including Central Bank Digital Currency (CBDC), while making the best use of blockchain technology.

Source: https://www.africanews.it/english/islamic-development-bank-institutes-smart-stabilization-system-patent-application-earns-favorable-assessment-from-world-intellectual-property-organization/

Yet, we may not like the answer, since a full-blown CBDC system is designed to essentially ditch cash, which means the end of the financial privacy that only cash purchases can bring.

Source: https://americanfreepress.net/fednow-service-a-trojan-horse-for-central-bank-digital-currency/?utm_source=rss&utm_medium=rss&utm_campaign=fednow-service-a-trojan-horse-for-central-bank-digital-currency