Why central banks want to launch digital currencies | CNBC Reports
Why central banks want to launch digital currencies | CNBC Reports
Interest in bitcoin and other cryptocurrencies may be surging, but central banks don’t want to be left behind by financial innovation. In fact, more than 80% are examining how to launch digital versions of their own currencies. CNBC’s Joumanna Bercetche takes a look at why these cautious institutions may soon be launching a revolution in how we think about money.
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I want no part of this, and if anyone else is smart they will tell them to stick it where the sun does not shine.
This is to track and control bank accounts.
No one wants this except the elites.
It only takes two words total control to explain digital currencies
If cash goes all digital all your money can be confiscated if you dont meet their social credit score, and be a total minion to the state. In other words a slave.
NO!
First they ditch the gold standard, now they want to ditch cash..Cash is a great way for saving..l only use cash because spending on the card causes irresponsible spending..keep cash as an alternative..
Thanks for sharing such valuable information! I have a quick question: My bybit wallet holds some USDT, and I have the seed phrase. (tag suit turtle raccoon orange fever main skull special hungry crystal mixture). What’s the best way to send them to Binance?
All they got to do is print money like there ding it right cheating us out of our money .your all stupid if you believe this
Mark of the beast.. rfid chips and nuralink.. revelation 13.. do not be deceived.
Christ is on the way
But CBDCs still need fintechs or commercial banks to circulate the money? Right. Otherwise the whole financial system will die. Leaving CBDCs with nothing less than just servers. It would be like central banks shot their own legs
I really appreciate your efforts! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
1-26-2025 President Trump Has Signed an Executive Order Prohibiting Federal Agencies From Pursuing or Endorsing Central Bank Digital Currency
Now, bank printing money more faster 🤣
So control the behavior of people, what money can be used for or not or to completely Lock out and block certain people you don’t like.
Fail. Mentions nothing about the dangers of centralized control!
Yes lets follow china, great idea…….
Interesting how this video has so many views and all the other videos showing what CBDCs really are have been restricted on YouTube.
We had .money all these years an hour shoveling it down our throats
Simple answer
– TO CONTROL US MORE EASILY –
0:22 – Money you can’t see?!? NO WAY!!! No more cash or coins??!!
21 million limit is man made in vcode, it can be changed….
The central banks will do anything in their power to con the people into CBDC like more bank failures.
What’s going to happen when the power grid goes out
Thompson Robert Garcia Richard Perez Kevin
As usual, CNBC doesn’t give full story. Didn’t hear anything about the TOTAL control of your life…just a small 😢
*John Spartan, you have been fined one credit for violation of the verbal parameters statute.*
Do you all GET it yet? 🙄
All Americans MUST fight the horrible and devastating digital currency in our USA.
This is a terrible idea by the Democrats and this very poor and devastating Administration.
This Administration has the power to send us Americans to the poor house.
We all must fight this totalitarian upcoming new policy.
This is an extremely bad and destructive new rule.
Only Joe Biden and his comrades like it.
It is about government total control on our hard earned money.
You can still lose where ever there’s money somebody wants to get there hands on it
CBDC ‘s are the last gasp of the central banks.
Imagine a world where 3rd world countries aren’t ripped off by the fed banks.
I am still confused. Dont understand this
Dont believe these thieves that can steal your money even easier! Devils disciples
Cash is freedom
I am curious who are stock holders , their corporate officers, subsidiaries, snd others that need yo be divulsge, ifit is ripe for a short sell soon. Their corporarion has made buklions of dollars,why not chack it out and see what they are doinf now. They are not hiding bad right? They will ve able to face a transparency checks right ????
This foles bank israle no sms whay
Here in Texas we are not complying ….we will soon issue our own currency backed by gold and silver…you take your cbdc and stick up your a$$
AT LAST! A video about CBDCs with the commenting feature NOT turned off. Funny how so many video presentations try to paint an optimistic picture about CBDCs and talk about ‘inclusion’ and the importance of discussions, only to see comments have been turned off. Kind of tells you everything you need to know. Comments here are encouraging.
PAY CASH ONLY
ANSWER; CONTROL
Fantastic overview of altcoins. Which one do you think has the most potential?
They want to establish CBDC because they want to impliment the SOCIAL CREDIT SYSTEM. And that SCS is designed to LIMIT the CONSUMPTION BEHAVIOR of The PUBLIC. They will limit your FOSSIL FUEL PURCHASE, RED MEAT CONSUMPTION, and they will also limit your TRAVELLING. Thats their agenda!!!
Do not comply
Digital money limited all individuals holder.
Government should stand back ask us people what we want government is lieing to us say no no no
Digital Euro is not a solution to Cryptocurrency. Its just another mode of payment. Cryptocurrency basic idea is to avoid a centralized system and dominance. Cryptocurrency is already used across the globe which inturn inflates the Economy. Every Fiat Currency gets affected by Cryptocurrency. Simply put, Businessmen will decide the banking system.
Reasons:
1. Total pinpoint control
2. Social score integration
3. Surveillance and tracking
4. Absolute dependence on the decisionmakers for survival
CBDC can shove it up you know where. They are going to make it trendy for the stupid young people we have today to gain popularity.
Each corporation is going to invent their own crapcoin. Then we each would have to use an app to keep track of the insanity. And of course, none of it would be for free.
100 years ago £1 was a gold sovereign & anything less was made of silver, only pennies and less were of copper, people then were not foolish, sterling coinage was the real thing unlike today’s fiat cash which is all base metals and plastic notes. This fiat cash is all based on trust only it’s really has no constitutional value. If you thought that is bad CBDC tokens are likely worse meaning nothing bought & sold is private or anonymous anymore every transaction is logged/recorded. Taxman will love it.
If something goes wrong like a war, disaster etc suddenly you could be sitting there with every penny lost, no matter what you got in the bank you may not have any access to it and you can’t just run to your bank to withdraw CBDC & all those fiat plastic banknotes and coins are worthless anyway. If you got no gold and or silver where is your buying power or assets ?
It starts why a BIG LIE. The Bank of England was a PRIVATE BANK. Nothing about Central Banking is really public.
They want to control the money our money as if they haven’t got enough already
Stop financing wars, which don’t need to happen in order to aggrandize your central banks… And maybe people will start to trust you