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Central Bank Digital Currencies are coming.

The Bank of England, has published a consultation paper on the digital pound. Central bank digital currencies, #cbdc, were until now an experiment under study. But economic reality, in the form of inflation, and high levels of debt are pushing central banks for a solution that offers more control over population and transactions. Other countries, such as Argentina and Brazil are thinking of building a common currency, and China and Russia may come out with their own new currencies (digital?) backed by gold to avoid the USD standard. The bank of international settlements, the Bank of banks, has also blessed these projects.


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