CBDC Rollout Plan Is Here | But It’s Worse Than You Thought
Join us in this video as we explore the rapid global adoption and development of Central Bank Digital Currencies (CBDCs) in 2023. We begin with the significant completion of a CBDC project between the Bank for International Settlements (BIS) and the Bank of England, potentially signaling the closer launch of a digital pound. The implications of such a development on the broader global financial system are examined. China, an early adopter of CBDCs, is taking it a step further by planning to pay government staff in their digital currency. We discuss the implications and potential effects of this groundbreaking decision. Partnerships are forming worldwide as central banks and tech giants team up to make CBDCs a reality. We discuss Samsung’s collaboration with the Bank of Korea to launch a new digital CBDC and how tech is playing a vital role in shaping the future of money. Our discussion takes us to Canada, where plans for a digital Canadian dollar are being forged, and the International Monetary Fund (IMF) working on a global CBDC platform, signifying a shift toward a more interconnected digital financial system.
#CBDCs #DigitalCurrency #BIS #BankOfEngland #IMF
TOPICS AND TIMESTAMPS:
BIS CBDC 0:00
More CBDC’s! 4:50
IMF CBDC 7:44
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