Nearly two thirds of the countries in the world are now “exploring” central bank digital currencies (CBDCs) at one level or another, a new report says. The report, published on Wednesday by Washington-based think tank Atlantic Council, reveals that a total of 130 countries—representing 98 percent of global economy—are taking steps to convert their central…
130 Countries Are ‘Exploring’ Central Bank Digital Currencies, Report Says
June 28, 2023
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IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Builds Steam
The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CDBCs) to interoperate on a global scale, which comes amid a broader push toward cashless societies and concerns about risks to freedoms. IMF managing director Kristalina Georgieva told conference participants on Monday in Rabat, Morocco, that the…
IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Gains Momentum
The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CBDC) to interoperate on a global scale, Managing Director Kristalina Georgieva told participants at a conference. “CBDCs should not be fragmented national propositions … To have more efficient and fairer transactions, we need systems that connect countries—we…
Failed Digital Currency Cost Federal Government Millions
The Royal Canadian Mint tried to launch a digital currency venture and failed, losing millions in the process, according to the Crown corporation’s latest annual report. Figures from that report were released on May 9, and Alex Reeves, a spokesman for the Mint, would not provide details, according to Blacklock’s Reporter. “We have nothing to…
‘We Don’t Quite Know’ About the Consequences of Retail CBDCs: IMF Chief
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), is warning that the world is heading toward a widespread adoption of central bank digital currencies (CBDC) without properly considering the risk factors involved. “We are going in that direction,” Georgieva said about the adoption of CBDCs worldwide during a May 1 discussion Milken Institute…
LIVE 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 11, 2023
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
LIVE NOW: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 11, 2023
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CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 11, 2023
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CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
LIVE 4/11, at 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 10, 2023
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems: Analysis
April 5, 2023
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Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which stressed that a U.S. CBDC will threaten citizens’ “core freedoms” from financial privacy to personal liberty. Even though there are no valid reasons for the U.S. government to…
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