35 Articles
35 Articles
John Carpay: Replacing Cash With a Digital Dollar Would Pose a Grave Threat to Our Rights and Freedoms
Commentary The Bank of Canada has made no secret of its efforts to explore a Central Bank Digital Currency (CBDC), a “digital dollar” issued and controlled by the central bank. The Bank of Canada is not alone. To date, 134 countries and currency unions have explored a CBDC, and 66 countries are already in advanced stages of implementation. In 2023, cash accounted for a mere 11 percent of total payments made by Canadians. Consumers increasingly t…
Digital euro to make the EU more independent
ECB Chief Economist Philip Lane is committed to a digital euro. This is not just about adapting the current money system to the digital age, said the chief economist of the European Central Bank (ECB) in a lecture at a conference in Cork in Ireland. "It's about Europe having its own monetary and financial destiny in hand against the backdrop of increasing geopolitical fragmentation," he said.The ECB has been driving the project of a digital euro…
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