As many of you will know, central bank digital currencies or CBDCs are seriously dystopian, and they are coming to almost every country. Europe has been a trail blazer in this regard. The European Central Bank ECB has been moving faster than most.
Case and point, the ECB published not one but TWO progress reports on its digital Euro just a few months apart. Consider that the ECB only announced its digital Euro ambitions in October 2021. These two progress reports were published at the end of 2022!
This has had me concerned, especially since the ECB has been explicit about the concerning qualities the digital Euro will have. That’s why I was very surprised to see that the ECB had pivoted – not in in the interest rate sense, but in its digital euro intentions.
As you’ll soon see, this could mean a lot for the other CBDC initiatives around the world. Watch til the end to understand why!
⛓️ 🔗 Useful Links 🔗 ⛓️
► First Digital Euro Progress Report: https://www.ecb.europa.eu/paym/digita…
► Second Digital Euro Progress Report: https://www.ecb.europa.eu/paym/digita…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.