Disliked{quote} This is a very key point (expiry terms of the digital currency and control over what you can purchase)! Why would anyone want it in large quantities! Al governments appear to be considering similar rules! 71. A digital currency could enable the Bank of England to conduct forms of unconventional monetary policy more easily. We heard the Bank of England could ‘programme’ a CBDC to have an expiry date by which it would need to be spent, or conditions could be placed on a CBDC so that it could be spent on certain goods only.96 The Atlantic Council...Ignored
Seems to have triggered an cascade of events according to the report, i quote:
”In June 2019, Facebook announced plans to launch a digital currency called Libra. The digital currency would have been pegged to a basket of financial assets, including national currencies. The project was criticised by governments and central banks around the world. On 2 November 2021, the Rt Hon Rishi Sunak MP, Chancellor of the Exchequer, told us that Facebook’s Libra project prompted the Government to ask:
“what do we think about a global stablecoin that we are not in control of? What does that mean? How should we regulate that? Do we have to worry about financial stability? That is probably what has catalysed work on [CBDCs] ... “18
11. In December 2020, Libra was rebranded as Diem and its ambitions were scaled down. Nevertheless, in December 2020 Olaf Scholz, then Germany’s finance minister, said Diem was still a “wolf in sheep’s clothing”. Regulators continue to be concerned about the effects of big tech and…”
Equality will be the next big thing in trading
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