• The Bank for International Settlements (BIS) is overthrowing national currencies... Hear how they are leading the charge in creating the global digital currency?

  • Jul 10 2023
  • Duración: 23 m
  • Podcast

The Bank for International Settlements (BIS) is overthrowing national currencies... Hear how they are leading the charge in creating the global digital currency? Por arte de portada

The Bank for International Settlements (BIS) is overthrowing national currencies... Hear how they are leading the charge in creating the global digital currency?

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  • Resumen

    • A joint report between multiple organizations reveals CBDC’s potential for cross-border payments.
    • 87 countries are exploring the use of Central Bank Digital Currencies (CBDCs) to facilitate cross-border payments, with 9 having already fully launched and more in development.
    • The BIS proposes three models for setting up wholesale CBDCs for this purpose: compatible, interlinked, and multi-CBDC platforms.
    • Implementing CBDCs raises legal, regulatory, operational and cyber security issues, as well as potential macro-financial implications.
    • Conspiracy theorists [like us] suggest the BIS is trying to create a global digital currency that would replace national currencies, and exploit developing countries' monetary policies/resources.
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