Last week, a number of IMF directors and members of the central bankers met in Davos to discuss their plans for a “sustainable” future for citizens around the world. Central Bank Digital Currencies (CBDCs) are a major part of this agenda. Proponents of her case have been working to make the actual transcript of this statement available online.
Thomas Jeschch, Swift’s Chief Innovation Officer,
It will be important to facilitate interoperability and interconnect the various CBDCs that have developed around the world if we are to fully realize their potential.
The Central Bank of India is now committed to launching a pilot program and eventually adopting a CBDC. China has already implemented a CBDC tied to their social credit system.
According to the Bank of International Settlements (BIS), nine of the ten major central banks are now exploring the CBDC, including the United States.
This two-part video series, featuring Kate Wand and Thomas Hogan, explores the possibilities and dangers of implementing the US Federal Reserve’s digital currency.
Watch the second video in the series below.
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