Posted on 03/20/2022 7:40:02 PM PDT by RomanSoldier19
he Bank of Canada is teaming up with the Massachusetts Institute of Technology (MIT) to explore central bank digital currencies (CBDCs).
Canada’s central bank announced yesterday that it has struck an agreement with MIT Media Lab’s Digital Currency Initiative (DCI) to conduct a 12-month research project that will take a closer look at “how advanced technologies could affect the potential design of a CBDC.”
The Bank of Canada-MIT project announcement comes shortly after United States (US) President Joe Biden made some significant moves on the crypto front. Last week, Biden inked an executive order calling on the American government to research the risks and benefits of crypto, and examine the potential of a US CBDC.
Amid the growing popularity of crypto, Canada and the US are far from the only countries to consider their own CBDCs.
CBDCs are virtual currencies that are backed and issued by central banks. The new Bank of Canada-MIT project is part of the Bank of Canada’s broader digital currencies and FinTech research and development agenda.
According to The Logic, the Bank of Canada has been exploring the idea of a government-issued digital currency for years. The Bank of Canada says that, as of today, “no decision has been made on whether to introduce a CBDC in Canada.”
(Excerpt) Read more at betakit.com ...
They want to eliminate cash so they can control you.
There is a movement to bring in universal basic income.
The CIA has a history of backing tech such as Oracle, Google, and Facebook.
When the whole thing crashes and there’s no cash who ever put it in place better hide
There is a movement to bring in universal basic income.
Like the USSR
Loss your Encrypt Pin Number and Kiss your Digital Money Good By, or aka LEPNKDMGD. It should be named Government Wins You Loose, or aka GWYL.
Yes, Biden’s EO on Crypto also directed Treasury to research the same thing; however, MIT has already been working with the Federal Reserve on this concept as part of the Hamilton Project.
Why? They will likely control everything. They will control you too. Read how Joseph handled Egypt during the famine to see how that works.
Nobody is going to trust anything issued by BOC after the stunt the government pulled freezing bank accounts of people who donated to the trucker protest.
If I was a Canada resident I would be taking the first place to Zurich to open an account.
You must not know that the Swiss disclose/share account info now. The old anonymous numbered account has long been dead.
They will tell you what you need. Misbehave and we will starve your and your family. The pissant did it to the truckers
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