European Central Bank President: Banks Are "Losing Control" Without CBDCs

  • They claim banks are a “monetary anchor in relation to Commercial Banks and private money.”
  • And“if [central banks] are not in the game” that they risk “losing the role of anchor.”

One of the most “successful” CBDC projects belongs to China, who are well known for monitoring its citizens through internet surveillance, camera surveillance, and through other digital technologies.

  • Early on, China sought to strike down crypto and gain control over the digital currency marketplace, similar to actions taken by the US over the last several months. 

Visa recently disclosed that it believes CBDCs will play an essential role in the future of finance… (Continue reading here.)