EU, ECB, WEF and Digital Currencies.
The EU is actively exploring the potential of a digital euro, which would be a central bank digital currency (CBDC) issued by the European Central Bank (ECB). A digital euro would be a form of public money that could complement cash and offer a secure, efficient and convenient way of making payments in the digital age.
The ECB is currently in the investigation phase of the project, which is expected to last until October 2023. During this phase, the ECB will conduct experiments and consultations with various stakeholders to assess the benefits and challenges of a digital euro³. The ECB will also work closely with the European Commission and the European Parliament to establish a legal framework for the digital euro, if it decides to issue one.
Despite very high interest in central banks globally, it is important to note that in almost all cases, the research and experimentation is exploratory and does not signify that the central bank that is carrying out the research or experiment has yet decided to issue a CBDC. There are also significant regulatory proposals and guidance coming out of the US government (such as those from the SEC, CFTC, OCC and FinCEN) and Europe (including France, Germany and the European Commission’s Markets in Crypto – Assets Regulation). Unfolding right before us is a potentially momentous worldwide transformation of digital money and its use.
The World Economic Forum (WEF) is an international organization that engages with business, political, academic and other leaders of society to shape global, regional and industry agendas. The WEF has been actively involved in the development of digital currencies, especially in the context of central bank digital currencies (CBDCs).
According to the WEF, CBDCs are digital versions of a country’s physical currency that are issued and managed by the central bank. CBDCs could improve financial inclusion, efficiency and innovation, but also pose challenges such as cybersecurity, privacy and interoperability.
The WEF has launched several initiatives to explore the potential and implications of digital currencies, such as:
- The Global Consortium for Digital Currency Governance, which aims to design a framework for the governance of digital currencies, including stablecoins, that are inclusive, interoperable and transparent⁴.
- The Central Bank Digital Currency Policymaker Toolkit, which provides a guide for central banks to evaluate, design and deploy CBDCs¹.
- The Crypto Impact and Sustainability Accelerator (CISA), which seeks to enable collaboration between the crypto industry and climate experts to accelerate the transition to net-zero emissions.
Terrence
I thanks for these CBCD coins/tokens. I have zero interest in these. These coin I believe will be tied to your social scoring, and if your score is to low even though you have $1K USD in cbcd you get to spend none of ti because someone didn't liek the way you j walked across the street. This currency will be able to control the peasants (us) while the elite move the way they want.
Once Canada creates these slave coins/tokens I will convert them all to something else. I am a free man and the only way they can enslave me is through death. After I am dead they can keep my rotting flesh all they want, I will be with Yahweh, and Yahshua talking about how we going to wipe out this world from humanity? If you closely enough you can see the similarities of the time of Noah. Not saying it is but you can see similarities.