Central Bank Digital Currency Is The Endgame - Part II -- Puppet Masters -- Sott.net sott.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sott.net Daily Mail and Mail on Sunday newspapers.
According to the Australian Strategic Policy Institute (ASPI – check out who pays its bills), apparently everyone is racing to get their central bank to have a digital currency, with China years ahead in its development.
The Bank for International Settlements Committee on Payments and Market Infrastructure noted, in March 2018, that such a currency would be “a central bank liability, denominated in an existing unit of account, which serves both as a medium of exchange and a store of value”. For China, this would mean a digitised
renminbi (which translates as “people’s money”, though most people know China’s currency as the Yuan).