Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

The Future of Digital Currencies and the Monetary System

February 9, 2021 By The Editors

By sutadimages @ Shutterstock.com

Agustín Carstens, General Manager, of the Bank for International Settlements, (known as the central bank for central banks), has written a paper examining the future of digital currencies and the monetary system. He writes:

A technological revolution is changing our economy and even money itself. In addition to improvements to existing payment systems, new digital currencies have been unleashed. Yet societies face two forks in the road in designing digital money. First, should digital currencies rely on a central authority or a decentralised governance system? Second, should access be based on verification of identity, or purely on cryptography? The answer is that if digital currencies are needed, central banks should be the issuers and they should grant access based on identification. Central bank digital currencies (CBDCs) can combine novel digital technologies with the tried and trusted foundation of central banks. Developing CBDCs comes with a host of technological, legal and economic issues that warrant careful examination before issuance. Central banks – the guardians of stability – will proceed carefully, methodically and in line with their mandates. The BIS is supporting this international discussion, ensuring that central banks can continue learning from one another and can cooperate on key design issues.

Read his entire paper here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • The Future of Nanotechnology
  • Clean Coal's Future
  • One Solid EMP Zapping Short Circuits Digital Payments
  • The Future of Medicine: Artificial Intelligence
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • Is America About to Lose Its Investments in Colombia? - May 27, 2022
  • POWER MOVE? Did Viktor Orban Just Seize Control of Hungary? - May 27, 2022
  • VIDEO: DeSantis: America “Cannot Have a Ministry of Truth” - May 25, 2022

Dick Young’s Must Reads

  • You May Be Surprised by America’s “Least Woke City”
  • California’s Progressive Liberals Have Created a Monster
  • America’s States Rights Revolution
  • Protection While Traveling in France
  • The Worst President in American History, Part I
  • The Fed – “Independent” and “Non Political” – Joins The Resistance
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • Rich Grandchild, Poor Grandchild

Our Most Popular Posts

  • Jean-Pierre: Economy "Not Something that We Keep an Eye on Every Day"
  • Consequences of Biden Killing the Keystone Pipeline
  • Harvard Professor Calls Homeschooling a "Threat to Society"
  • PRIMARIES: Trump Endorsed Candidates’ HUGE Night
  • PARTY'S OVER JOE: Republicans Crush Democrats in Local Elections
  • Are You Suffering from One of These Nutrient Deficiencies?
  • Our Daily Bread Threatened?
  • President Joe Biden’s Good Question
  • Tucker Carlson Interviews My Favorite Florida Farmer
  • BUY THE DIPS? Can You Catch a Ginsu Knife?

Disclosure

RSS Youngresearch.com

  • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
  • China Builds an Anti-Quad Coalition
  • If You Have a Plan, I Believe You’ll Get to Where You Want to Go
  • There Are Tech Companies “Still Dreaming of Boundless Growth”
  • Nowadays, Everyone Is Getting Some Dividend Religion
  • How Can the Fed Prevent Stagflation?
  • How to Avoid the Restrictions of a Target Date Fund
  • Now You Can Own Your Vacation and It Doesn’t Have to Be a Time Share
  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading

KRISTALLNACHT: How Well Intentioned Gun Registries Become Tools of Evil

Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”

Is America About to Lose Its Investments in Colombia?

POWER MOVE? Did Viktor Orban Just Seize Control of Hungary?

Americans Are Abandoning ESPN and Woke Professional Sports Leagues

If You Have a Plan, I Believe You’ll Get to Where You Want to Go

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives