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Jigsaw's Game Begins

Desmond1979

China officially launces it's Central Bank Digital Currency; the E-Yuan.

https://watcher.guru/news/currency-e-yuan-is-here-how-chinas-cbdc-could-destroy-the-dollar

At least China's transparent about its Government Surveilance. We dress ours up as 'Security'.

How will the US, and ourselves, react? Cash use, in this country, gradually increased; these past few years. Post-Lockdown angst fuels this shift. But, as we all know by now, Government will do the opposite to what the people want.

Disclaimer: The News Source doesn't reflect my personal views a hundrd percent. They have their own methodology, I have mine.

Parents

  • "CBDC stands for central bank digital currency. It’s digital money a country’s central bank can issue alongside cash.". Bank of England.

    https://www.bankofengland.co.uk/explainers/what-is-a-central-bank-digital-currency

    Countries may have:

    1) a retail CBDC (a type of Central Bank Digital Currency used by the public,

    2) a wholesale CBDC used among banks / other licensed financial institutions (enabling interbank payments / securities transactions).

    In 2014 China began trials with a retail CBDC.

    "Currently, the e-CNY pilot programme spans 26 cities across 17 provinces. The digital currency is accepted in most large shopping centres, supermarkets, chain restaurants and even vending machines. Moreover, it is integrated with China’s most popular online platforms, such as ride-hailing app DiDi, shopping app Meituan, travel app Ctrip, and, of course, WeChat Pay and Alipay.". Source: Euromoney, Larissa Ku, 08/11/2024.

    "China is also piloting Project M-Bridge with the BIS Innovation Hub - wholesale CBDCs that interface with other central banks. However, as of October 2024, the Bank of International Settlements (the central bank for central banks) was reported to have quit Project M-Bridge, perhaps showing a shift in international perceptions of central bank digital currencies.".  Source: Forbes, Roger Huang, 15/07/2024.

    The Bank of International Settlement (BIS) has described China's wholesale CBDC:

    a) "Project mBridge reached minimum viable product stage" in mid-2024.  [Minimum viable product is also known as MVP],

    b) "The MVP platform is enabled to undertake real-value transactions (subject to jurisdictional preparedness) and is also compatible with the Ethereum Virtual Machine. This allowed it to be a testbed for add-on technology solutions, new use cases and interoperability with other platforms. The BIS announced in October 2024 that it was handing the project over to the partners.".  (BIS also listed quite a long list of Central Banks from various Countries who are observing members to Project mBridge).

    "Financial markets are at a crossroads.". Source: University of Oxford Faculty of Law Blogs, "What's Next for Wholesale CBDCs?", Hussain et al., 14/02/2025:

    https://blogs.law.ox.ac.uk/oblb/blog-post/2025/02/whats-next-wholesale-cbdcs

    The conclusions in the above report about wholesale CBDCs (wCBDC) are threefold; that "considerations for market participants and central banks" include:

    1) What - "not only the exact definition of what a wCBDC is, but how it can be delivered, used and implemented",

    2) How - "future collaboration needs to be even more focused and structured to deliver outcomes that help the safe evolution to digital markets", and

    3) How much - "The business case for tokenised markets and specifically wCBDC requires more analysis".

    (The full (77 pages) report "Wholesale Central Bank Digital Currencies: Approaches, Implementation Strategies and Use Cases" by Hussain et al. Is available from the University of Cambridge Centre for Alternative Finance (CCAF).

  • in reply to DormouseAtRest_25

    Revelation 13:16-18 is the only analysis worth following.

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