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In October 2020, BIS head Agustín Carstens mentioned central banks may have “absolute management on the principles and laws” of cash—marking a shift from forex to programmable, surveilled cash. This video breaks down the three pillars behind that management grid: programmable cash, digital ID, and a bodily {hardware} layer for surveillance. It additionally covers the $21 trillion in undocumented US authorities changes reported between 1998 and 2015, and why former MI6 head Sir Alex Youthful referred to as the UK’s digital ID system “insane.” From the digital pound to Tether’s treasury-bill backing and XRP’s cross-border settlement position, the items of a managed monetary structure are coming into view.
Let me know what you concentrate on programmable cash and digital ID within the feedback.
#CBDC #DigitalPound #Tether #XRP
