Money In Bits

Caribbean Bitcoiner #65. The CBDC Initiative.


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Central Bank Digital Currency (CBDC). Definition of and use case. The pros, cons, and reasons for their existence. Could it be our recent Banking crisis has different undertones? How do Central Banks the World over prevent crypto assets from applying pressure to Fiat Currencies? Their solution: to create CBDCs. Implementing CBDCs, or Fiat currency in digital format, is an effort by Central Banks to stay competitive in a decentralized economy, with the help of the powers that be. Articles in support of this Pod. 1) Central Bank Digital Currencies and Freedom are Incompatible. piece by Former IMF official Eswar Prasad and author of "The Future of Money: How the Digital Revolution is Transforming Currencies and Finance. www.cato.org. 2) Florida Gov. Ron DeSantis proposes law to ban CBDCs. coindesk.com 3) CBDCs could be "easily Weaponized" to spy on US citizens: Tom Emmer. cointelegraph.com 4) Republican lawmakers ask US Justice dept. to share assessments of CBDCs. coindesk.com 5) eNaira is 'crippled': Nigeria in talks with NY-based company for revamp. cointelegraph.com 6) India and UAE to collaborate on developing digital Currencies. coindesk.com 7) Central Bank Digital Currency tracker Key findings and stats. atlanticcouncil.org. 8) President's Economic Report Blasts crypto for 'Ignorance of Basic Economic Principles'. Decrypt.co 9) UK treasury is looking for CBDC Head as it explores digital pound. coindesk.com. Plus, a short passage on CBDC development here in the US from last March's Executive Order on Ensuring Responsible Development of Digital Assets. www.whitehouse.gov. Do your own research. Any information provided here can be sourced. And this podcast and or the MIB Crew do not offer to sell or purchase crypto. Our focus is communal wealth and educating the Diaspora on the benefits of investing in this asset class for extra income, and establishing generational wealth.
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Money In BitsBy Cryppy Carpenter