Advertising
The arrival to power of the new Prime Minister of the United Kingdom, Rishi Sunak, a recognized promoter of central bank digital currencies (CBDC), appears as a clear sign of the world’s commitment to this type of asset with the aim of countering it. Bitcoin (BTC) expansion.
Sunak, when he was former English President Boris Johnson’s finance minister, the Group of Seven foreign ministers meeting Support plans to establish a CBDC in member countries of that groupOne of the most powerful in the world.
In the opinion of the current British Prime Minister, Central bank digital currencies are the form of payment of the future. “This is all part of the larger story of digital innovation bringing benefits to millions around the world and in the UK,” he said in a statement. video.
He also stated that his goal is to ensure that central bank digital currencies are based on “long-standing commitments to transparency, the rule of law, and sound economic governance.”
This way, your age Show his preference for central bank cryptocurrencies more BitcoinAlthough there is a media that wanted sell photo The leader of the UK is Bitcoin.
G7’s intention is embodied in Report prepared last year (and with the support of the new prime minister), in which he asserted that the development of digital central bank currencies, among other things, has the function of “monitoring global supply chain stresses”.
The Bank for International Settlements is betting heavily on central bank digital currencies
Similar to the Group of Seven, the Bank for International Settlements (BIS) recently published a report indicating that after a year of development, They successfully completed their first CBDC prototypewhich they called “Aurum”.
We have no doubt that Aurum’s prototype will stimulate and inspire the global search for the most suitable CBDC architecture. document.
The project began to develop a A functional prototype that will serve as a public good for society Central banks, says the Bank for International Settlements.
On frequent occasions, BIS wanted to show that CBDCs are superior to BTC. One noted that “cryptocurrencies and DeFi have deeper structural limitations that prevent them from achieving the levels of efficiency, stability, or integrity necessary for a proper monetary system.” Agency Report Reported by CriptoNoticias, last June.
Whereas digital central bank currencies are “a more stable solution for a future monetary system,” according to the Bank for International Settlements.
CBDCs are a trap
For Spanish economist Marc Vidal, along with speeches and reports, central bank digital currencies are a “trap” prepared by central banks, which will lead humanity into social, economic and The only way out of this confrontation is through Bitcoin.
“Central Bank Digital Currencies Aren’t Crypto, Not Bitcoin, They’re Hybrids” and just Desperate response from states for freedom that give away digital assets like bitcoin, Vidal says.
Vidal asserts that digital central bank currencies are the “last attempt by institutions to survive” in times when society is already widely rejected.
Bitcoin is placed in front of the CBDC as A transnational cryptographic origin that does not depend on a central entity or institution. In addition, it is not subject to inflation like the currencies of countries.
Specifically, Vidal believes that with inflation affecting the global economy, central banks will offer their digital currencies as a solution to all economic ills.
“Subtly charming bacon junkie. Infuriatingly humble beer trailblazer. Introvert. Evil reader. Hipster-friendly creator.”