EU accelerates in race for digital currency

[Dopious]

Europe is worried about falling behind as the US increasingly opens up to digital currencies.

But now the EU is picking up the pace, writes The Financial Times, citing sources with insight.

Recently, the United States passed a new law regulating the market for stablecoins, a class of cryptocurrencies whose value, unlike bitcoin, is based on government-guaranteed assets such as the US dollar or government bonds.

The EU has projects underway to develop a digital euro, a new type of money that would facilitate fast and cheap but at the same time secure transfers and payments for the entire eurozone. But rather than creating its own technical solution, the union is now considering basing the digital euro on already existing so-called blockchain technology, such as ethereum or solana, the newspaper writes.

The risk if the EU does not keep up with the digital currency race with the US or China is considered to be that other currencies, such as the dollar or China's yuan, will have a greater impact on the European economy.

Several central banks around the world are in the process of developing their own digital currencies. The Swedish one has e-krona in the works, issued by the Riksbank, but the Swedish central bank has said it will wait to see what happens with a possible digital euro.

Source: https://www.ft.com/content/14b6c701-1c04-43ba-a123-5c98abc9414c

 

[SilverClouds]

A lot of dramatic videos about this on youtube, about how it'll take our freedom away, etc

 

[ggmopa]

I have been reading a lot of speculation from a finance pro about an impending 'deep' recession potentially even worse than 2008 that is expected to unfold in 25/26 it will be triggered by a collapse in the housing market followed by the inevitable stock market crashes, job losses and collapse of smaller banking insitutions. All of this is going consolidate finance in to the hands of a few major global institutions with the aim to usher in CBDCs. If they do this then it's probably game over as far as financial independance goes, and potentially social mobility even. AI + CBDCs = total financial control.

If you look at how the public is being manipulated in major economies... first they let people cross the borders for years, decades in fact driving up real estate prices creating a new gold rush, now suddenly with a full swing of the pendulum everyone including sueprman dean fucking cain is being invited to be a part of ICE and similar agencies and movements across Europe. They get rid of enough people, property prices will go down. That's my amateur take just based on the above speculation.

 

[polecat]

I have been reading a lot of speculation from a finance pro about an impending 'deep' recession potentially even worse than 2008 that is expected to unfold in 25/26 it will be triggered by a collapse in the housing market followed by the inevitable stock market crashes, job losses and collapse of smaller banking insitutions. All of this is going consolidate finance in to the hands of a few major global institutions with the aim to usher in CBDCs. If they do this then it's probably game over as far as financial independance goes, and potentially social mobility even. AI + CBDCs = total financial control.

If you look at how the public is being manipulated in major economies... first they let people cross the borders for years, decades in fact driving up real estate prices creating a new gold rush, now suddenly with a full swing of the pendulum everyone including sueprman dean fucking cain is being invited to be a part of ICE and similar agencies and movements across Europe. They get rid of enough people, property prices will go down. That's my amateur take just based on the above speculation.

That's basically true