We want nice things. We want to live in a nice house, eat good food and have fulfilling relationships. We want to travel to exotic places, listen to great music and experience fun. We want to build something that lasts, achieve something great and leave a better world for tomorrow.
A cashless society would be the nail in the coffin for liberty and freedom, offering centralization, the likes of which Marx could only dream. The existence of a government backdoor or spyware becomes a real possibility, and given the State’s track record, a real likelihood. Then, of course, the ability to track, freeze, and even set expiry dates on money, will be marketed as “features” to protect the public.
Sir Evelyn De Rothschild, who was knighted by the Queen in 1989 for his contributions to banking and finance and is largely regarded as one of the top financiers and philanthropists of his time, has died at the age of 91.
With the assistance of Cogo, a major Australian bank, the Commonwealth Bank of Australia (CBA), has begun linking customer transactions to carbon footprints.
India has made significant progress in its use of digital wallets and other payment solutions including NEFT, RTGS, and IMPS. So now, just what is RBI's digital rupee?
According to new reports, Sergio Massa has promised that Argentina will stop printing money amid the current 60% inflation, which was caused by the Fernández administration's reliance on money printing to pay off the nation's escalating fiscal debt.
After the Chinese digital Yuan prototype garnered attention, the number of countries where central banks have issued digital currencies has increased.
On July 10, 2022, more than a thousand depositors had gathered in front of the nation's central bank's Zhengzhou branch to commence their biggest-ever protest. In response, China deployed tanks to prevent people from withdrawing money from crisis-hit banks.
The Central Bank of Zimbabwe stated on Monday that it would soon begin issuing gold coins in an effort to reduce inflation, which hit 191 percent in June. The Harare government thinks that this will decrease demand for US dollars and at the very least slow down the further depreciation of the local currency.
In the near future, central banks will need to introduce some sort of alternative system in order to preserve economic authority as many conventional currencies begin to lose public confidence due to inflation. Towards this end, the BIS is set to allow member banks to hold 1% of their reserves in Bitcoin.