Focus
CBDC
Digital Dollar Could Threaten Banking Sector, Financial Stability: BoC Research
How to ensure financial privacy remains a major obstacle for CBDCs
Trump Promises to ‘Never Allow’ Central Bank Digital Currency
The Republican frontrunner also pledges to restrict regulators from trying to de-bank citizens over politics.
Launch of Digital Pound Must Not Be Considered Inevitable: Treasury Committee Warns
The committee’s report said the extend of a CBDC’s potential benefit is unclear while there are risks of financial instability and privacy and data breach.
85% of Canadians Say They Won’t Use Digital Currency: Bank of Canada Report
Eighty percent of respondents also said regulations should be put in place to require merchants to accept cash as a form of payment.
Central Bank Digital Currencies ‘Can Replace Cash,’ Says IMF Director
The International Monetary Fund released a virtual handbook for central banks to create central bank digital currencies.
CBDC Implementation Will Usher in Global Tyranny: Aaron Day
Author Aaron Day has warned against the widespread adoption of central bank digital currencies, arguing that their implementation will lead to ‘global tyranny.’
G20 Announces Plan to Impose Digital Currencies and IDs Worldwide
G20 Announces Plan For Governments To Impose Digital Currencies And Digital IDs
It Takes a China-like Government to Force Central Bank Digital Currency on People: Former Senate Economist
China’s CBDC is the only one in the world that’s really been widely used, because Chinese government has so much power over citizens.
Behind the Push for Cashless Societies is Greater Government Control: Thomas Hogan
Last year, the IMF director and the heads of several central banks met in Davos. They discussed the proposed future of currencies: CBDCs. Centralized Bank Digital Currencies. These are like cryptocurrencies without the privacy. They’re digital currencies where every transaction can be tracked and regulated by a central power. China already has one in place, and there’s a push for the world to follow, including at the Federal reserve. Here to speak with us is Thomas Hogan, Senior Fellow at the American Institute for Economic Research, and the former Chief Economist for the U.S. Senate Committee on Banking, Housing, & Urban Affairs.
