The Banque de France and Societe Generale have tested the use of a blockchain platform to settle a transaction with a central bank digital currency.
Who will lead the charge to launch Digital Euros
The Banque De France with Société Generali (SG) have started tests on using a Digital Euro recently with SG depositing €40million of bonds and the Banque De France settled and paid for them using a Digital Euro. The objective is find find away to improve the efficiency of transactions and payments between institutions. The current systems are thought to be able to be changed to be more automated more secure and faster. The French bank asked institutions who were interested in being involved in looking at a DigitalEuro a to contact them in April 2020 and have been encouraged by the number of companies that contacted them. The head of France’s Central Bank Francois Villeroy, said “the Digital Euro will be used between banks initially as a digital currency for the retail market would be subject to special vigilance” However, French may face competition from the Dutch who are also looking at launching a Digital Euro as they claim only 1/3 of transactions in Holland are in cash.The Dutch central bank have published a report citing the potential threat from Facebook’s Libra unless governments offer a digital alternative. Will this recent activity spur on the German as seven months ago the Association of German Banks published its position (https://en.bankenverband.de/newsroom/comments/programmable-digital-euro/#Innovation)on digital currency, saying a ‘crypto-based digital Euro’ should be launched. It would appear that momentum is gathering to issue a Digital Euro who will lead the charge and how coordinated and interoperable will it be across the EU? Watch this space for more updates!
Bought to you by Digital Bytes if you would like to receive Digital Bytes weekly please use this link to register http://eepurl.com/gTDiwP
Central Bank of France – Digital Euro LINKED With XRP | Cheeky Crypto
In this XRP cryptocurrency video we take a look at the latest XRP crypto news and see what has been happening in the Cryptocurrency space in the last 24 hours. We discuss a new report showing that Central Bank of France wants to run the digital euro on the XRPL. What are your XRP price predictions? Let us know in the comments.
Join our channel membership to get access to perks: https://www.youtube.com/channel/UCd4Ys__EL_gbJrYq6JscrAw/join
Merch Store https://www.cheekycrypto.io/store
Cold Storage from Ledger https://bit.ly/3iI4lUL
Cardano Stake Pool Ticker: CHEEK https://adapools.org/pool/14ab7f5b1a6522028ce68a5c24f3a44a92376f27e52c7d238fe0b39e
Join our Pi Teams https://minepi.com/ Join Nick using code: MrNickRegan Join Chris using code: Quidum
Social Media Twitter: @CheekyCrypto FaceBook: CheekyCrypto Telegram: https://t.me/joinchat/TmGW8SjcwqK7STST
00:00 Intro 01:11 CPA Australia Report 04:37 Ripple An Option For Digital Euro 14:55 Remember to LIKE & SUBSCRIBE
DISCLAIMER: We are not a financial advisers. None of what we have communicated verbally or in writing here should be considered financial advice; it is not. Do your own research before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment.
⚠ This video is for information / entertainment purposes only ⚠
Why central banks want to launch digital currencies | CNBC Reports
Interest in bitcoin and other cryptocurrencies may be surging, but central banks don’t want to be left behind by financial innovation. In fact, more than 80% are examining how to launch digital versions of their own currencies. CNBC’s Joumanna Bercetche takes a look at why these cautious institutions may soon be launching a revolution in how we think about money.
—–
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz
Like our Facebook page: https://www.facebook.com/cnbcinternational
Follow us on Instagram: https://www.instagram.com/cnbcinternational/
Follow us on Twitter: https://twitter.com/CNBCi
#CNBC #CentralBanks #Money
Digital Euro Will Focus on Personal Use First, Not Web3
A retail digital euro will, in the first stage, only enable payments initiated by people, rather than allowing businesses to settle invoices, issue paychecks or be used in decentralized finance, European Union (EU) officials said Wednesday. “The Hash” team discusses central bank digital currencies (CBDCs) and their privacy implications amid a global race to digital money.
Banque de France reports back on wholesale CBDC programme
The Banque de France has published an upbeat report on its series of experiments with a wholesale CBDC but says its work has also thrown up new questions.
The Engineering and Design Problems of Building a US Dollar CBDC
A Future of Finance Interview with Jim Cunha, SVP at the Boston Fed.
The central bank that runs the major global reserve currency has largely resisted the temptation to join the increasingly animated debate about central bank digital currencies (CBDCs). But this summer will see the publication by the Federal Reserve of a major consultation paper on making the US dollar available as a CBDC.
The peculiar challenges of turning the US Dollar into a CBDC is one of the topics Future of Finance co-founder Dominic Hobson raised with Jim Cunha, an SVP at the Boston Fed who has added applied research into CBDCs to his long experience and expertise in payments, technology, innovation, security and fraud prevention.
Find out more at https://futureoffinance.biz/2021/07/12/the-engineering-and-design-problems-of-building-a-us-dollar-cbdc/
Wholesale Central Bank Digital Currencies (CBDCs) – The Future or a Complex Solution?
In Open Banking Expo’s Central Bank Digital Currency virtual event, we welcomed an exclusive panel to discuss wholesale CBDCs. In particular, we:
– Review the most important wholesale CBDC projects to determine whether CBDC will move out of exploration and experimental stages to transform the traditional wholesale environment – Explore the value proposition for wholesale CBDCs including digital exchanges, cross-border payments and wider payments systems – Analyse the wholesale CBDC framework, delving into the design, use and interoperability of DLT – Consider the uncertainty around wholesale CBDCs to understand if their benefits outweigh the risks – Tackle regulatory questions, coexisting with fiat currency, taxonomy and global standardisation, ecosystem development, other solutions than CBDCs to improve wholesale inefficiencies.
Panellists: James Pomeroy, Global Economist, HSBC Segun Bewaji, Team Lead, Senior Economist, Payments Canada Will Lovell, Head of Future Technology, Bank of England
Moderated by: Noelle Acheson, Managing Director of Research, CoinDesk
Fast, cheaper cross-border payments – is wholesale CBDC the answer?
The G20 has made enhancing cross-border payments a priority. This panel session looks at the potential of wholesale CBDCs in particular to make cross-border payments faster and cheaper. https://www.bis.org/events/bis_innovation_summit_2021/agenda.htm
Video: Banque de France’s wholesale CBDC experiment
See more information on OMFIF’s DMI here: https://www.omfif.org/dmi/
Banque de France selects eight firms to experiment with digital currency creation
The Banque de France is to work with eight firms in testing applications for a central bank digital currency interbank settlements.
Why the Fed Is Considering a Digital Dollar | WSJ
The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses. Illustration: Jacob Reynolds/WSJ
More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
#WSJ #Economy #DigitalCurrency
Best Coin to Buy Today | Which Crypto to Buy Now | Best Cryptocurrency invest in 2022 | Top 5 Crypto
►►In today’s video, Best Crypto to Buy Now & I go over the Top 5 Cryptos to buy this month in November 2022! The fate of the crypto market lies in something that’s about to happen in about 2 weeks. Luckily for you, I’ve done the research and got a full-proof plan, all you gotta do is watch the video! 🙂
►►Top 5 Coin Best Coin to Buy Today | Which Crypto to Buy Now | Best Cryptocurrency invest in 2022 | Crypto News , best crypto to buy now & Today Bitcoin Price Prediction
best crypto to buy now Best Cryptocurrency invest in 2022 best coins to invest in 2022 best coins to buy today best coins to invest today best coins for long term investment which coin will pump today which coin to buy now in wazirx which coin to buy in binance crypto coin to invest in 2022 wazirx best coin today crypto invest right now best coin to invest today crypto news today best metaverse crypto to buy now
best coins for short term cryptocurrency investment best short term cryptocurrency investment 2022 best crypto coin to buy today best cryptocurrency to buy today top cryptocurrency to invest in today best cryptocurrency to invest today best cryptocurrency to invest 2022
Top 1 coin in wazirx Top crypto for long term Long term cryptocurrency investment Best Crypto to Buy Now Today Best Altcoins For 2022 Which Crypto To Buy Today on WazirX Top 1 coins to invest in 2022 1 Best Cryptocurrency To Invest 2022
xrp coin luna classic coin coin news in hindi bitcoin coin prediction 2022 Best Cryptocurrency Investments cryptocurrency to invest in 2022 best cryptocurrency to invest in 2022 which cryptocurrency is best to invest pi network Which Crypto To Buy Today Best Crypto Coin to invest today Best crypto coin to buy today Low Price Coins Wink Cardano BITTORRENT wazirx vs coinswitch Under a Penny Altcoins altcoins that could 100x altcoins to 5 million altcoins that could be worthless by 2022 top altcoins to buy for 1000x best altcoins top altcoins 2022 top altcoins to invest in top altcoins to buy hot coin price prediction dent coin price prediction ncash coin price prediction btt coin price prediction Wazirxtricks BitTorrent Top5altcoins Coti Profit wazirxtrading safemoon safemars freecoin moonshotcoin shibainucoin Topics Covered : dogecoin price hindi, dogecoin price news, dogecoin pump news, dogecoin cryptocurrency, dogecoin sell, dogecoin latest news today hindi, current affairs, drishti ias interview, cryptocurrency news today latest, cryptocurrency latest news today in hindi, blockchain technology in hindi, blockchain technology rstv, blockchain technology only ias, crypto currency cryptocurrency buy & sell कब करे, when buy crypto currency, what is the best time for buy crypto currency, how to buy crypto currency, crypto currency, dogecoin coin, crypto currency kase kharide, how to buy bitcoin, how to buy dogecoin, when buy crypto currency exchange, bitcoin earning, online earning, bitcoin wallet, how to mine bitcoin, android, earning, payments,best altcoins to invest in 2022 best cryptocurrency to invest in
► Ignore- Crypto, cryptocurrency, blockchain, bitcoin, crypto gaming, crypto metaverse, binance coin, bnb, filecoin, avalanche coin, avalanche crypto, seedify.fund, gala, gala coin, best crypto to invest in, what cryptocurrency should I invest in, best crypto projects, how to make money in crypto, how to become a crypto millionaire, crypto bull run, top 5 cryptos to invest in september 2022, what are the best cryptocurrency projects, best crypto projects, best coins to make money, crypto 2022, bitcoin bubble, crypto hedge fund, crypto investor, crypto investor, crypto portfolio, what cryptocurrency to invest in, what cryptocurrency is on the rise, what cryptocurrency to buy on coinbase, which cryptocurrency to invest in, which cryptocurrency is growing the fastest, which cryptocurrency is best for long term investment, which cryptocurrency should i buy, which cryptocurrency will explode in 2022, Best crypto to buy now, Best crypto for October 2022, October 2022 crypto picks, Best crypto to buy in september 2022, crypto to buy right now, cryptocurrency to buy right now, cryptocurrency to invest in, cryptocurrency to invest in for 2022,
Disclaimer : All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades
How the Facebook digital currency dream has changed | CNBC Reports
The Facebook-backed Diem Association plans to launch a new stablecoin tied to the U.S. dollar in 2021. Formerly known as Libra, the digital currency project faced years of pushback from regulators, with key figures deeming the project a failure months after the first white paper launched. So how is Diem getting its previous detractors on board? CNBC’s Joumanna Bercetche spoke to Diem’s chief economist Christian Catalini about what has changed, and what the new coin could mean for consumers.
*Diem has since withdrawn its license application in Switzerland shortly after publication. —–
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz
Like our Facebook page: https://www.facebook.com/cnbcinternational
Follow us on Instagram: https://www.instagram.com/cnbcinternational/
Follow us on Twitter: https://twitter.com/CNBCi
#CNBC #Cryptocurrency #Facebook
This Is How They’ll Convince America to Adopt a CBDC
Many people are concerned about the rollout of a Central Bank Digital Currency, especially as we see carnage in the markets everywhere.
It seems like policy makers are doing everything they can to bring as much pain as possible on everyday Americans, while asset prices are crashing, and prices of goods and services are going through the roof.
So, the big question is, are the deliberately trying to reset everything so they can rollout a CBDC?
So, in this video, I’m going to give you exactly what my plan would be if I was in charge — and wanted to rollout a Central Bank Digital Currency successfully. Because if they were to roll this out right now, people wouldn’t have any incentive to migrate over into it unless they had a reason to, which is why everything must go through chaos.
Timecodes 0:00 Video Overview 1:43 Intro 1:46 CBDCs and How They Would Function 3:13 My Plan to Roll Out a CBDC 13:47 Outro
My Courses and Guides My Options Course (Beginners) https://gum.co/yvRjw My Options Course (Advanced) https://gum.co/CIqDW My Ultimate Guide on How to Buy Gold https://gum.co/DUkCt My Weekly Newsletter https://heresyfinancial.curated.co
Gold and Silver Buy Gold/Silver Bullion https://bit.ly/2WoJHDC Store Allocated Gold/Silver (Code Heresy1x) https://bit.ly/3mS6dNo Gold/Silver IRA (Get $100 of BTC) https://itrust.capital/heresy
Bitcoin Best Bitcoin IRA (Get $100 of BTC) https://itrust.capital/heresy Best Place to Buy Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy Best Bitcoin Wallet http://bit.ly/ldgrwlt
Stocks Best charts (Get $30) http://bit.ly/tvchrts Best all-around https://bit.ly/3zFGSO2 Best auto investing https://m1finance.8bxp97.net/QOKA3P Best margin rates https://bit.ly/2XU4sIn
Invest in Startups Republic https://republic.co SeedInvest https://www.seedinvest.com Angel List https://angel.co/invest/start Rocket Dollar https://bit.ly/rktdlr
Real Estate Single-Family Rentals https://roofstock.3k3q.net/XJX24 Borrow for RE Development https://groundfloor-finance.sjv.io/mgRRvy Invest in High-Yield RE Debt https://groundfloor-finance.sjv.io/mgRRvy RE Portfolio Investing https://fundrise.sjv.io/Ygg2NO
Misc ⚖️⚖️ Life Insurance https://bit.ly/3qccFBB Short-Term Health Insurance https://bit.ly/3vFfgVZ College Savings Plan https://bit.ly/3iRaCRL My Bookshelf https://ur7hr.glideapp.io/ Learn to Code https://lambda-school.sjv.io/kjOPAz Skillshare https://skillshare.eqcm.net/0JY1WM Small Business Bank Account https://banknovo.grsm.io/g8joyyssljl3
My Trading/Investing Gear Thunderbolt Monitor https://amzn.to/3xwbqji M1 MacBook Pro https://amzn.to/3iR3gxB Best WiFi Router https://amzn.to/3gIIoG9 Speakers https://amzn.to/35vEM58 M1 iPad Pro 12.9inch https://amzn.to/2TGb1w7 ⌨️iPad Magic Keyboard https://amzn.to/3zAIN6f ✏️Apple Pencil https://amzn.to/3zyHu7S Incerto https://amzn.to/3mO57VX
Support the Channel ☕️Merch https://heresy-financial.creator-spring.com Join my private community on Locals https://heresyfinancial.locals.com
I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
*************************** get a Caleb & Brown account: www.calebandbrown.com
************************** Get a FOLD card: use.foldapp.com/r/CX3LYJA7
******************** Get Lolli app: https://lolli.com/share/X8VSDG
********************
Thanks for watching please like and subscribe
******************** #crypto #news
DISCLAIMER: This is NOT financial advice. This is a entertainment and educational show. I am not responsible for any investment decisions you make. Just always be sure to do your own research and only invest what you are willing to lose. Remember that nobody has a crystal ball to the future, so be smart with your money.
Digital Money: Global markets and the coming revolution in cross-border settlement
On 24 February, the Digital Pound Foundation hosted a webinar entitled ‘Global markets and the coming revolution in cross-border settlement’. The session discussed how new forms of digital money, including central bank digital currency, are opening up possibilities for wholesale cross-border transaction settlement.
These new forms of money have the potential to revolutionise the FX markets, reducing the dependence of intermediaries, opening up competition and more efficient, effective market structures. They are also a key dependency for the evolution of digital asset markets, which introduce the ability to transform the way in which capital is allocated and value is transferred in a global marketplace.
In the webinar, Digital Pound Foundation members and guest speakers from the industry – including participants in Project Jura – spoke about the benefits that new forms of digital money can bring to wholesale cross-border settlements and the innovative use cases that can be delivered, as well as the associated challenges and potential solutions.
The opening keynote was given by two Accenture representatives: John Velissarios, Digital Assets, Custody & CBDC Lead and Global MD Blockchain and Multiparty Systems, and Dr Ousmène Jacques Mandeng, Senior Advisor, Blockchain and Multiparty Systems. John and Ousmene discussed their involvement in Project Jura, an initiative led by the Bank for International Settlements, Banque de France and Swiss National Bank with support from a range of private sector actors and market participants. The project explored the potential for cross-border settlement of tokenised asset and FX trades on a single DLT-based platform operated by a third party.
This was followed by a panel discussion, led by DPF’s Policy Lead Jannah Patchay, around the roles that public and private sector can play in developing the future ecosystem for cross-border settlement. Participants included: James Wallis, Vice President, Central Bank Engagements & CBDCs, Ripple; Gilbert Verdian, CEO, Quant; Mathias Studach, Head Finance, Risk & Org. Development, SDX and Dave Sissens, CEO, RTGS.global.
As with any new market infrastructure, the webinar participants agreed there will be challenges including interoperability, standards, open access and competition. Ending on a positive note, they also concluded that the creation of Central Bank Digital Currencies is about more than simply providing solutions to existing problems but also about innovating to provide new solutions that may not yet have been conceived.
French Central Bank Launches Experimental Digital Euro Program!
The French central bank is the latest nation state to be joining the Central Bank Digital Currency research party, having recently announced of an experimental new program, that’s seeking for applications to file their proposal’s by May of this year, for France’s central bank to consider as part of a future strategy to take inter-bank settlement systems into the future.
– – –
Professional Mentors, Exclusive Signals and Setups, Proprietary Indicators & Strategies, Real Trading Education: https://premium.crackingcryptocurrency.com
Join our Discord to stay upto date on the latest market movements! https://discord.crackingcryptocurrency.com
The primary exchange of Cracking Cryptocurrency – ByBit! https://bybit.crackingcryptocurrency.com
Chart with the online software the Cracking Cryptocurrency team uses! https://reftv.CrackingCryptocurrency.com
Protect your privacy with the VPN that Cracking Crypotcurrency trusts! https://windscribe.crackingcryptocurrency.com
Protect yourself with a security consultation from the experts Cracking Cryptocurrency trusts! https://www.spectresecurity.io/?wpam_id=3
Secure your Private Keys and Seed Phrase with an indestructible Crypto Tag! https://cryptotag.crackingcryptocurrency.com
Support the stream with a donation or sport some Cracking Cryptocurrency gear! https://CrackingCryptocurrency.com/donate https://streamlabs.com/crackingcrypto Patreon – https://patreon.com/crackingcrypto Merch – https://CrackingCryptocurrency.com/merch
The Exchanges and Platforms we use! Binance US – https://www.binance.us/?ref=35003942 (Free $15) 3 Commas – https://3commas.crackingcryptocurrency.com (Free Trial!) Binance – https://binance.crackingcryptocurrency.com (Reduced Fees) CoinBase – https://coinbase.crackingcryptocurrency.com (Free $10)
Follow us on Social Media for the latest updates! Twitter – https://tw.crackingcryptocurrency.com Facebook – https://fb.crackingcryptocurrency.com
Music Credit to Ryan Little – West Coast and EpidemicSound
**DISCLAIMER** Cracking Cryptocurrency is a publisher that does not act nor pose as qualified financial advisers for any individual or group. The information provided by Cracking Cryptocurrency is for educational purposes only. Cracking Cryptocurrency does not make any guarantee or other promise as to any results that may be obtained from using our content. Content contained on or made available through the Discord server, Youtube or Twitch platforms, Website, or other venue is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. We are not responsible for your investment and trading decisions.
New Push for CBDC in UK with Digital Pound
My Bear Market Investing Guide only $99 – Don’t Miss Out! https://heresyfinancial.teachable.com/p/bear-market-investing-guide?coupon_code=ONLY99 &product_id=4324901
China gets a CBDC, the United States gets a CBDC, the Euro gets the CBDC, everybody gets a CBDC and now that includes the UK as the deputy governor of the Bank of England said that “the UK may need a digital pound considering the FTX’s collapse”.
You know, they say never let a good crisis go to waste and considering the fact the FTX’s collapse will only hurt, number one, the investors, obviously. And then number two, the companies that were doing the fraud themselves instead that governments around the world are looking to jump on this at the chance to pass new laws, new regulations, establish new oversight committees in government agencies to take advantage of this collapse.
Time Codes 00:00 UK Looking into Gaining New Digital Pound 03:13 Crypto in the UK to be Regulated 04:05 Control of Money Leads to Control of Resources
Get The Bullion Card Today! OneGold – https://onegold.me/3FJAeLW APMEX – https://bit.ly/3U8UATl
My Courses and Guides Bulletproof Your Portfolio 40% Off! https://heresyfinancial.teachable.com/p/bulletproof-your-portfolio?coupon_code=40OFF &product_id=4166105 Ultimate Guide on How to Buy Gold https://gum.co/DUkCt Weekly Newsletter https://heresyfinancial.curated.co Advanced Trading with my good friend Gareth Soloway https://heresyfinancial.krtra.com/t/xtZAkTWIuCCp
Gold and Silver Get Paid Interest IN Gold ON Your Gold https://monetary-metals.com/heresy-financial/ Buy Vaulted Gold https://vaulted.blbvux.net/2rXX47 OneGold Gold/Silver/Platinum (Code Heresy1x) https://bit.ly/3mS6dNo Gold/Silver IRA (Get $100 of BTC) https://itrust.capital/heresy
Bitcoin Best Bitcoin IRA (Get $100 of BTC) https://itrust.capital/heresy Best Place to Buy Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy Best Bitcoin Wallet http://bit.ly/ldgrwlt
Stocks Best charts (Get $30) http://bit.ly/tvchrts Best all-around https://bit.ly/3zFGSO2 Best auto investing https://m1finance.8bxp97.net/QOKA3P
Real Estate Single-Family Rentals https://roofstock.3k3q.net/XJX24 Invest in High-Yield RE Debt https://groundfloor-finance.sjv.io/mgRRvy RE Portfolio Investing https://fundrise.sjv.io/Ygg2NO
Misc ⚖️⚖️ My Bookshelf https://ur7hr.glideapp.io/ ☕️Merch https://heresy-financial.creator-spring.com Join my private community on Locals https://heresyfinancial.locals.com
I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
Banque de France CBDC used for fund settlement project
As part of an experimental programme led by the Banque de France, more than ten transactions on fund units, for a total amount of more than €2 million, were carried out in December 2020 on a blockchain-based mututal funds platform from IZNES using central bank digital currency (CBDC).
A Central Bank Digital Currency Will be Rolled Out in 2023: Economic Ninja
Sign up for our free weekly newsletter at https://www.JayMartin.club
The Economic Ninja joins the show to explain why he believes the Federal Reserve will be rolling out a central bank digital currency in 2023. Ninja also provides his views on the real estate market, a new government debt instrument he sees on the horizon, diesel shortages in America, and much more.
Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international
00:00 Introduction 00:50 20% Mortgages Are Coming 03:37 Real Estate in 3 to 5 Years 07:28 New 40 and 50 Year Bonds 10:52 Debt is Slavery 12:21 Can Real Estate Reach New Highs? 16:48 Central Bank Digital Currency in 2023 19:47 How is Ninja Investing? 23:29 Diesel Shortage in the U.S. 26:12 Food Shortages in North America 31:12 How to Prepare for What’s Coming
#cbdc #recession #inflation
Virtual Central Bank Payments Conference 2021 – Keynote Speaker: Nathalie Aufauvre, Banque de France
You will have the pleasure to watch Nathalie Aufauvre, Director General for Financial Stability and Operations at Banque de France, talking about the “Wholesale CBDC being tested” at the Virtual Central Bank Payment Conference 2021.
In 2020, Banque de France launched an experimentation programme to explore the potential benefits of wholesale CBDC. Nathalie Aufauvre will explain what conclusions could be drawn from this project.
The Central Bank Payments Conference is organized by Currency Research. Currency Research is dedicated to all aspects of the currency function and central bank payments and has undertaken research and consulting projects to promote a deeper understanding of industry issues, to equip industry stakeholders with the most up-to-date information on trends, strategies, solutions, services, and technologies. Discover more here: https://currencyresearch.com/
Central #Bank #Digital #Currencies: Policy Issues.
The recent proliferation of private digital currencies or cryptocurrencies, such as Bitcoin, has led to questions of whether the Federal Reserve (Fed) should create a central bank digital currency (#CBDC)—a digital dollar that would share some of the features of these private digital currencies.
In addition, several countries are moving forward with plans to create CBDCs, and this has increased calls for the Fed to act. According to a survey from the Bank for International Settlements, more than 85% of central banks worldwide are researching, piloting, or in advanced stages of development of CBDCs. For example, China has completed several digital currency trials in major cities across the country, as well as cross-border trials with Hong Kong; the European Central Bank hopes to launch a digital euro by 2025; the Eastern Caribbean is piloting its digital currency (DCash) in four countries; and the Bank of Japan has announced a “phase one” of testing a digital yen. The proliferation of CBDCs around the world has raised questions about whether the United States is falling behind in the future of the financial system, and whether that could affect its “reserve currency” status.
Digital payments and account access are already widespread in the United States. A key question from an end user (e.g., consumer or merchant) perspective is: would a CBDC be faster and less expensive than the current system? A CBDC would presumably allow for real-time settlement of payments—a feature that is not currently ubiquitous in the U.S. #payments system, but may become so after the Fed rolls out FedNow, its planned real-time settlement system. Creating a CBDC could take several years, whereas FedNow is expected to be operational in 2023. Whether payments using a CBDC would be less expensive than the status quo remains unknowable until detailed proposals have been made. (Cross-border payments have been identified as offering greater potential gains in cost and speed.)
From an end-user perspective, CBDC proposals range from a system similar to the current status quo to one that is fundamentally different. The Fed and private sector already operate bank-to-bank digital wholesale payments systems, some of which are settled in real time, so a CBDC only accessible to banks may differ slightly from the current system. In contrast, proposals for consumers to be able to hold CBDCs in accounts at the Fed would fundamentally change the role of the Fed and its relationship with consumers and banks. Thus, depending on its attributes, a domestic CBDC could potentially compete with #private digital currencies, foreign CBDCs, private payment #platforms, or banks. CBDC proponents differ as to which of these they would like a domestic CBDC to compete with. CBDCs are more likely to compete with private #digital currencies as a payment means for legal #commerce than to function in their other current uses (e.g., as speculative investments or as payment means for illicit activities).
Depending on its features and how much it differed from the status quo, a U.S. CBDC would have an ambiguous but potentially significant effect on financial inclusion, financial stability, cybersecurity, Federal Reserve independence, seigniorage, and the effectiveness of monetary policy. If the CBDC mainly crowded out cash and cryptocurrency use, it could make illicit activity more difficult, possibly at some expense of individual privacy. If used to deliver government payments, the CBDCs’ ability to improve their speed and efficiency would depend on the extent of its adoption by those not already receiving payments by direct deposit, which might be low unless #mandatory.
To date, the Fed has not #taken a position on whether creating a CBDC would be desirable. It has stated that it “does not intend to proceed with issuance of a CBDC without clear support from the executive branch and from Congress, ideally in the form of a specific authorizing law.” Regardless, Congress might choose to legislate in order to either explicitly authorize or mandate the Fed create a CBDC and shape its features and uses, or to prevent one from being introduced.
Opportunities and challenges of the tokenisation of finance | Banque de France
Which role for Central Banks ?
This international conference will involve an open and interactive discussion on the new and disruptive ecosystems that are rapidly emerging in the financial sector at the global level as a result of emerging innovative technologies. Those new ecosystems cover a wide array of activities, ranging from the tokenisation of assets to Decentralised Finance (DeFi), aiming to go beyond borders and sometimes circumventing intermediaries.
The conference will first explore the implications of digitalisation for central banks in terms of financial stability. It will then turn to the objectives and promises that DeFi holds for the market. Finally, it will look into whether central bank digital currencies (CBDCs) could be used in those new ecosystems to enhance cross-border transactions while also preserving monetary and financial stability.
————————-
Bienvenue sur notre chaîne YouTube officielle !
En un clic, suivez toute l’actualité de la Banque de France sur YouTube. Conférences, interviews, offres d’emplois, publications économiques et financières ou encore vidéos pédagogiques pour comprendre l’économie, nous vous proposons de plonger dans le quotidien de cette institution bicentenaire et de vous faire découvrir ses nombreux métiers et missions.
Comment fonctionne une Banque Centrale ? Qu’est-ce que la politique monétaire ? Quelles sont les prévisions de croissance pour la France ? Comment les billets sont-ils fabriqués et mis en circulation ? Quels accompagnements la Banque de France propose-t-elle aux particuliers ? aux entreprises ? Retrouvez nos dernières vidéos en vous abonnant à notre chaîne YouTube :
La Banque de France est une institution indépendante chargée de 3 missions essentielles : La stratégie monétaire : contribuer à définir la politique monétaire de la zone euro et la mettre en œuvre en France. La stabilité financière : contrôler les banques et assurances, veiller à la maîtrise des risques et assurer le bon fonctionnement et la sécurité des paiements. Les services à l’économie et à la société : proposer de nombreux services à l’économie, aux particuliers et aux entreprises.
Elle est membre de l’Eurosystème, organe européen qui regroupe la Banque centrale européenne et les banques centrales nationales des pays ayant adopté l’euro pour monnaie.
Retrouvez-nous également sur nos réseaux sociaux : Twitter : https://twitter.com/banquedefrance Facebook : https://www.facebook.com/BanquedeFrance LinkedIn : https://www.linkedin.com/company/banque-de-france/ Instagram : https://www.instagram.com/banquedefrance/