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Last week, the White House released a proposed framework for the regulation of cryptocurrency. The document gives the green light to regulators to continue crafting rules around the industry, and even explores the creation of a “CBDC”: a central bank digital currency. Actor, writer, and crypto skeptic Ben McKenzie joins Ryan Grim to discuss the framework and the future (or lack thereof) of the crypto industry.
— The Intercept (September 23) (Pocket) (Media Bias)
SHANGHAI, Sept 29 (Reuters) - A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to internationalise its digital yuan.
— Reuters (September 29) (Pocket) (Media Bias)
When I was a kid in the late 1970s, I bought a copy of the mega-seller The Late Great Planet Earth, Hal Lindsey's end-times book. I had not been raised with any of those ideas. They set my brain on fire. Eventually the fire burned out, but after I became a serious adult Christian, I realized that the predictions in the Book of Revelation are not fanciful, or the province of TV evangelist types, but are meant to be taken seriously by the entire people of God. In other words, though I no longer believed in the Rapture, or read the newspaper as I did when I was twelve, looking for signs of the End, I still ...
— The American Conservative (September 20) (Pocket) (Media Bias)
Dollars should be faster by now, and the White House wants to do its part to speed them up. Driving the news: Based on a fact sheet summarizing several reports coming from the Biden administration today, stemming from the President's March executive order, the administration is prioritizing speeding up global and international payments.That includes readying the way for a potential U.S. central bank digital currency (CBDC).Why it matters: "Digital assets present potential opportunities to reinforce U.S. leadership in the global financial system and remain at the technological frontier. But they also pose real risks as evidenced by recent events in crypto markets,"
— Axios (September 16) (Pocket) (Media Bias)
@JamesMelville: Once you join the dots, you will see that ultimately, it leads to a central banking digital currency. When they can control your money, they control you. That’s the ultimate game plan in all of this. #CBDCs
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