Bitcoin Cash Is The LAST STAND Against The CBDC Crusade
As a response to the financial freedom it delivered to the masses, Central Banks deployed their new weapons of economic destruction: CBDCs. A modern authoritarian financial tool to further diminish economic freedom.
Central Bank Digital Currencies (CBDC) Are Pure Evil, Here Are the Three Players in This Sad Tragedy
What really makes the CBDC future a potential hellscape is the fact that governments never stop at the most innocuous use case for a technology when pushing that technology to its limits might benefit them.
Spain’s Central Bank to Experiment with Wholesale CBDCs
Spain’s central bank, the Bank of Spain (BDE) said it intends to launch an experimental program to begin testing wholesale Central Bank Digital Currencies (CDBCs) and is seeking collaboration proposals from local finance and technology institutions. The bank will focus on three main areas with the program that seeks to simulate the movement of funds, experiment with the liquidation of financial assets, and analyze the benefits and drawbacks of introducing a wholesale CBDC to its current processes and infrastructure according to a translated Dec. 5 statement. (Cointelegraph)
Spain’s Central Bank Opens Call for Proposals for a Wholesale CBDC Project
The Bank of Spain plans to start a wholesale central bank digital currency (CBDC) project and on Monday opened a call for proposals from financial institutions and technology solution providers.
Nigeria Caps Daily Cash Withdrawals at $45 to Boost Usage of its CBDC
Nigeria has taken an unconventional approach to encourage the use of its CBDC, the eNaira, by limiting ATM withdrawals to $45 per day.
Nigeria Limits Cash Withdrawals to $45 per Day in CBDC, Digital Banking Push
Nigeria has imposed limits on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira.
Nigeria Bans ATM Cash Withdrawals Over $225 a Week to Force Use of CBDC
Nigeria has drastically reduced the number of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s Central Bank Digital Currency (CBDC). The Central Bank of Nigeria issued the directive to financial businesses in a Dec. 6 circular, noting that individuals and businesses would now be limited to withdrawing $45 (₦20,000) per day and $225 (₦100,000) per week from ATMs. (Cointelegraph)
Indonesia Payment System Digitalization Among 2023 Economic Growth Plans
A new<a href="https://www.bi.go.id/en/publikasi/ruang-media/pidato-dewan-gubernur/Documents/Book_PTBI_2022_en.pdf" target="_blank"> report</a> by the Bank of Indonesia highlights the country’s 2023 economic growth plan which will include the digitalization of payment systems and the creation of a Digital Rupee. This will comprise increasing the availability and use of digital payments, such as e-wallets and online banking. The government has been actively promoting the use of digital payments since the launch of the national e-payment system, the National Payment Gateway (NPG), in 2019.
Indonesia Says Its CBDC Will Be Suitable for Use in the Metaverse
Under “Project Garuda” Indonesia is pushing further its plans for central bank digital currency (CBDC) – Digital Rupiah -starting with transactions among local banks. Last week, the central bank of Indonesia launched the design for Digital Rupiah.
Central Bank Plans To Make CBDC ‘Only Legal Digital Tender’ in Indonesia, Says Gov
Bank of Indonesia governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.”
