Fed says it is developing an experimental digital currency
To become a reality, any digital equivalent of cash would need lengthy policy process, and no decision has been made to start one, Fed Gov. Brainard says
The Federal Reserve on Thursday announced it is building and testing a hypothetical digital currency, equivalent of cash.
The goal of the program is to enhance the Fed’s understanding of digital currencies, said Fed Governor Lael Brainard, in a speech to a conference on innovation sponsored by the Fed’s San Francisco regional bank.
https://www.marketwatch.com/story/fed-says-it-is-developing-an-experimental-digital-currency-11597352302
#US #TheFed #digital #currency
To become a reality, any digital equivalent of cash would need lengthy policy process, and no decision has been made to start one, Fed Gov. Brainard says
The Federal Reserve on Thursday announced it is building and testing a hypothetical digital currency, equivalent of cash.
The goal of the program is to enhance the Fed’s understanding of digital currencies, said Fed Governor Lael Brainard, in a speech to a conference on innovation sponsored by the Fed’s San Francisco regional bank.
https://www.marketwatch.com/story/fed-says-it-is-developing-an-experimental-digital-currency-11597352302
#US #TheFed #digital #currency
Central banks sketch out digital currency as China forges ahead
https://www.reuters.com/article/bis-currency-digital-idUSKBN26U0L6
#crypto #currency
https://www.reuters.com/article/bis-currency-digital-idUSKBN26U0L6
#crypto #currency
U.S.
Central banks sketch out digital currency as China forges ahead
A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China's "trail blazing" and leapfrog private projects like Facebook Inc's <FB.O> Libra stablecoin.
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Canada: Central bank #digital #currency plans include infrastructure for accessing a digital currency to include access for people without the use of a cell phone. What could that be? #microchip
Newly declassified document shows that U.S. toppled #Gaddafi in 2011 to stop his plan for a pan-African #currency (the African #Dinar). This document was available for a short time on a U.S. government website at the address below. Fortunately the page was archived here.
https://www.foia.state.gov/searchapp/DOCUMENTS/HRCEmail_DecWebClearedMeta/31-C1/DOC_0C05779612/C05779612.pdf
The U.S. started many wars to protect the dollar. China is about to debut their digital yuan with internationally at the start of the winter olympics TOMORROW (February 4th 2022). China launched the Petroyuan in 2018. And both #Russia and #China have collaborated to create an alternative payment system to compete with #SWIFT. This is the real motive for the next war.
The next geopolitical flash point — where ever it occurs — will mark the beginning of a multi-year war for control of Europe, Eurasia and the next monetary system. Thucydides trap.
Join @StormCloudsGathering for updates
Discussion: @OpenSourceTheNews
https://www.foia.state.gov/searchapp/DOCUMENTS/HRCEmail_DecWebClearedMeta/31-C1/DOC_0C05779612/C05779612.pdf
The U.S. started many wars to protect the dollar. China is about to debut their digital yuan with internationally at the start of the winter olympics TOMORROW (February 4th 2022). China launched the Petroyuan in 2018. And both #Russia and #China have collaborated to create an alternative payment system to compete with #SWIFT. This is the real motive for the next war.
The next geopolitical flash point — where ever it occurs — will mark the beginning of a multi-year war for control of Europe, Eurasia and the next monetary system. Thucydides trap.
Join @StormCloudsGathering for updates
Discussion: @OpenSourceTheNews
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The Trust Game: Episode 2 - "Of Renters, Lenders and Liberty"
#Currency #gold #fed
https://www.youtube.com/watch?v=6q4I_wleHcI
#Currency #gold #fed
https://www.youtube.com/watch?v=6q4I_wleHcI
Biden takes big step toward government-backed digital currency
The Biden administration is throwing its support behind further study and development of what would be known as a U.S. Central Bank Digital Currency.
#cbdc #digital #currency
https://www.nbcnews.com/tech/crypto/us-government-digital-currency-rcna19248
The Biden administration is throwing its support behind further study and development of what would be known as a U.S. Central Bank Digital Currency.
#cbdc #digital #currency
https://www.nbcnews.com/tech/crypto/us-government-digital-currency-rcna19248
NBC News
Biden signs executive order that could bring U.S. one step closer to a digital currency
The Biden administration is throwing its support behind further study and development of what would be known as a U.S. Central Bank Digital Currency.
Biden is planning a new digital currency. Here's why you should be very worried
https://thehill.com/opinion/finance/599768-biden-is-planning-a-new-digital-currency-heres-why-you-should-be-very-worried
#cbdc #digital #currency #financial #economy
https://thehill.com/opinion/finance/599768-biden-is-planning-a-new-digital-currency-heres-why-you-should-be-very-worried
#cbdc #digital #currency #financial #economy
The Hill
Biden is planning a new digital currency. Here’s why you should be very worried
It’s clear that the Biden administration and Fed are working together to create a controllable, traceable, programmable digital currency.
President Putin instructs govt, Central Bank and Gazprom to implement measures to transfer payments for gas with ‘unfriendly countries’ to rubles by March 31
https://www.rt.com/business/552820-gas-ruble-payments-putin/
#rubles #currency #gas #europe
https://www.rt.com/business/552820-gas-ruble-payments-putin/
#rubles #currency #gas #europe
RT
Russia sets ruble gas payment deadline
Russian President Vladimir Putin orders all natural gas payments with “unfriendly countries” to be settled in rubles from March 31
#Cashless society? Why withdrawing cash in Belgium is getting even harder
Finding an ATM from which to withdraw money has always been notoriously difficult in Brussels, but it is now set to become even harder as the world slowly moves towards cashless societies.
Today, bank branches are keeping less cash for distribution, and anti-money laundering requires regular checks on withdrawals and the use of cash. Furthermore, Belgian financial federations, such as Febelfin, are actively promoting a cashless society.
This was the bind that Belgian citizen Arnold Declercq found himself in after he tried to withdraw €3,000 for an art auction. His bank only had €1,500 on hand, and promised he could collect the rest the week after. Upon requesting €3,000 instead, alarm bells started ringing at the bank.
Declercq had to explain what he needed the money for. “Apparently they didn’t think an art auction was a valid reason. I was then refused every cash withdrawal until further notice!” he tells VRT. “From now on, I was only allowed to request money if I could prove it with an invoice as proof.”
Better ways to pay
Belgian law states that a trader may accept a maximum of €3,000 in cash, but between private individuals there is no limitation for a cash payment. You can sell your car to another private individual for €20,000 without issues. “If you can prove to your bank what that money is for, you will normally get such a large sum without any problems,” says Marchand.
Cashless society
From 1 July, all merchants are required to accept at least one digital payment method. “But which one they’ll accept is up to them.”
While cash remains a legal tender, the federation does promote a society with less cash. “Digital payment is safer and has other advantages. Because cash also has a certain cost,” said Marchand.
https://www.brusselstimes.com/241698/cashless-society-why-withdrawing-cash-in-belgium-is-getting-even-harder
#cbdc #currency
Finding an ATM from which to withdraw money has always been notoriously difficult in Brussels, but it is now set to become even harder as the world slowly moves towards cashless societies.
Today, bank branches are keeping less cash for distribution, and anti-money laundering requires regular checks on withdrawals and the use of cash. Furthermore, Belgian financial federations, such as Febelfin, are actively promoting a cashless society.
This was the bind that Belgian citizen Arnold Declercq found himself in after he tried to withdraw €3,000 for an art auction. His bank only had €1,500 on hand, and promised he could collect the rest the week after. Upon requesting €3,000 instead, alarm bells started ringing at the bank.
Declercq had to explain what he needed the money for. “Apparently they didn’t think an art auction was a valid reason. I was then refused every cash withdrawal until further notice!” he tells VRT. “From now on, I was only allowed to request money if I could prove it with an invoice as proof.”
Better ways to pay
Belgian law states that a trader may accept a maximum of €3,000 in cash, but between private individuals there is no limitation for a cash payment. You can sell your car to another private individual for €20,000 without issues. “If you can prove to your bank what that money is for, you will normally get such a large sum without any problems,” says Marchand.
Cashless society
From 1 July, all merchants are required to accept at least one digital payment method. “But which one they’ll accept is up to them.”
While cash remains a legal tender, the federation does promote a society with less cash. “Digital payment is safer and has other advantages. Because cash also has a certain cost,” said Marchand.
https://www.brusselstimes.com/241698/cashless-society-why-withdrawing-cash-in-belgium-is-getting-even-harder
#cbdc #currency
Brusselstimes
Cashless society? Why withdrawing cash in Belgium is getting even harder
From 1 July, all merchants are required to accept at least one digital payment method. "But which one they'll accept is up to them."
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Living Fiat Free – #SolutionsWatch
Joining us today is Aaron Day, a liberty activist who hasn’t used #fiat #currency since 2019. James and Aaron discuss the biggest threat to human liberty and the Manhattan Project that Aaron is proposing to come up with a solution for those looking to escape the coming #CBDC tyranny.
https://corbettreport.com/living-fiat-free/
Joining us today is Aaron Day, a liberty activist who hasn’t used #fiat #currency since 2019. James and Aaron discuss the biggest threat to human liberty and the Manhattan Project that Aaron is proposing to come up with a solution for those looking to escape the coming #CBDC tyranny.
https://corbettreport.com/living-fiat-free/