Bazar Money Transfer的动态

Countries no longer want to trade in US Currency because it has been devalued by unprecedented levels of government spending and debt. From a historical perspective, this sets the stage for a world war and for the USA to defend its hegemony against competing interests specifically the BRICS nations, and more specifically, the Russia-China allegiance. Therefore, the "great reset" concept aims to prevent a potential World War 3 (nuclear holocaust) by resetting the global currency and introducing central bank digital currencies. This would eliminate excessive printing of dollars, inflation, and debt, making fiat currency less attractive and shifting the world away from reliance on the dollar as a reserve currency. In my opinion, a potential World War 3 with Russia was considered as a backup plan by pro-globalization forces in case the Central Bank Digital Currency (CBDC) was initially widely rejected. China and Russia have already discussed plans for how they would collaborate to mitigate the impact of being disconnected from the SWIFT banking network. Most central banks have completed their studies on Central Bank Digital Currencies (CBDC), signaling that the next phase is the rollout. The Digital Euro and Russia's digital Ruble are scheduled to be launched in 2025. However, the rollout of the stablecoin by the US Federal Reserve is expected to be delayed due to political pressure and widespread rejection. This is why we are likely witnessing a growing escalation in the conflict between Russia and NATO. As mentioned, this type of warfare has likely always served as the contingency plan and the suggested basis for the issuance of CBDCs in a post or mid-war environment. Although centrally-backed digital currencies may address the issue of inflation and conflicts between nations, there are concerns that they could lead to increased control by central banks, potentially paving the way for totalitarianism and a surveillance state. It is often said that the road to hell is paved with good intentions. #cbdc #bankofcanada #stablecoin #digitaldollar #digitalID #BRICS #boc

?? Russia's Central Bank Advocates Cryptocurrencies to Counter Western Sanctions ?? In a bold move to counter Western sanctions imposed due to the Ukraine conflict, Russia's central bank has advised businesses to use various solutions, including cryptocurrencies and digital assets, to facilitate payments with foreign partners. ?? Crypto as a Solution: Elvira Nabiullina, the central bank's governor, highlighted that new financial technology offers unprecedented opportunities. She confirmed the central bank has softened its stance on using cryptocurrencies for international payments. ?? Global Payment Systems: Nabiullina also discussed the BRICS Bridge payment system as a long-term solution to link the financial systems of member countries. However, she acknowledged that this project may take time to materialize. https://lnkd.in/eyC8Gb3T #Cryptocurrencies #RussiaCentralBank #WesternSanctions #Fintech #BRICS

China's Digital Yuan: A Financial Game-Changer China’s Digital Yuan (DCEP) is setting a new global benchmark in digital finance as the world’s first major central bank digital currency (CBDC). Introduced by the People’s Bank of China, it modernizes the monetary system, enhances financial inclusion, and reduces reliance on cash With features like programmable money, offline transactions, and centralized control, the Digital Yuan empowers seamless domestic and international payments while boosting economic efficiency. Successful pilots—such as its integration into e-commerce platforms and cross-border trials—underscore its transformative potential Globally, it’s a bold step towards challenging dollar dominance and reshaping the financial order. However, concerns about privacy and adoption must be addressed responsibly The Digital Yuan highlights the future of digital currencies, innovation, and global financial leadership Kalp Foundation Nikita Kotme Shubham Raj Gaurav Tiwari #DigitalYuan #CBDC #FinancialInclusion #Innovation #GlobalEconomy

Russia, China turn to digital payments as sanctions hamper bilateral trade settlements ?? Read All : https://lnkd.in/eDVpjpv4 MOSCOW, July 25 (Reuters) - The increased use of digital assets in cross-border settlements between Russia and China is easing bilateral payment issues, digital platform... [...] #RussiaChinaTrade, #DigitalAssets, #Qifa, #CrossBorderPayments, #CryptoSanctions, #Crypto, #Exchanges, #NBTC

IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency ?? Read All : https://lnkd.in/eb82g5zu An IMF survey of the Middle East and Central Asian region has concluded that while CBDC's may not be essential they can advance financial inclusion... [...] #CBDC #FinancialInclusion #DigitalCurrency #IMF #MiddleEastCentralAsia #Crypto #Regulation #NBTC

Russia is proposing a new BRICS payment system to reduce reliance on the US dollar and bypass sanctions imposed by the US and its allies. This new payment system will be discussed at the annual BRICS summit that will take place in Kazan, Russia, on Oct. 22-24. This new Swift alternative could save BRICS nations up to $15 billion annually, would support multiple local currencies and would use distributed ledger technology (DLT) for cross-border transactions, eliminating intermediaries and credit risk. The proposal follows Russia’s exclusion from the SWIFT financial messaging network after its 2022 invasion of Ukraine. This story was initially published in this week’s issue of Global Fintech Insider. To read the other (hopefully) insightful fintech stories I've covered in it, click the link in the comments.

Explore the cutting-edge progress of Central Bank Digital Currencies (CBDCs) in both the European Union and the United States! ??? In this video: - EU Developments: The European Central Bank (ECB) is advancing towards the digital euro. Discover the preparation phase, including the comprehensive rulebook, platform development, and extensive testing for security and efficiency. ?? - Digital Euro Features: Learn how the digital euro will offer offline services, high privacy levels, and instant settlements, revolutionizing modern digital transactions. ?? - USA Insights: Across the Atlantic, the USA is participating in wholesale CBDC projects like Project Agorá. Understand how these initiatives aim to enhance cross-border transaction efficiency and security, impacting global finance. Stay tuned for more updates on the future of digital finance! Don't forget to like, comment, and subscribe for the latest news and insights. #CBDC #CentralBank #FutureOfFinance #EU #USA #ORRI REINFORCING Project https://lnkd.in/dU4ymYyr

??Time for a Fun Fact Friday! Central Bank Digital Currencies|Tokenised Assets (CBDCs) are emerging as a transformative force in financial innovation, altering how money is issued and circulated in the modern age ??? The interest in CBDCs has surged globally as 134 countries worldwide are exploring or developing their own, representing rapid adoption and significant growth from 35 countries in 2020. (Atlantic Council) ?? CBDC has also become one of the top three motivations for financial inclusion in 60% of emerging and low-income countries. It has become a top priority approach to help billions of people who remain outside the formal financial system. (IMF eLibrary) ??According to International Monetary Funds, many CBDCs produced in the market include regulations such as strict Anti Money Laundering (AML) and Combating The Financing of Terrorism (CFT) compliance mechanisms to mitigate potential risks and fraud associated with digital currencies. (IMF) ??Among many countries, China has become the pioneer in the development of CBDCs with its digital yuan, reaching almost 2 trillion yuan in transactions at the end of 2023. This highlights China's leadership role in the CBDC landscape, as well as its efforts to integrate digital currency. (Reuters)? CBDCs have the potential to increase the acceptance of digital payments, simplify cross-border transactions, and provide a more environmentally friendly and energy-efficient alternative in the financial world. It represents a significant innovation in the financial sector and offers benefits in terms of enhanced financial inclusion. With increasing adoption and regulations, CBDCs are poised to play a crucial role in the future of finance. #CBDC #DigitalFinance #FinancialInclusion #revolutionizeREGwithTECH #RegPac

Global Push for Digital Currencies Sees Fast Growth Read More: https://lnkd.in/dD-ZN2VA #GlobalPushforDigitalCurrenciesSeesFastGrowth?#Money?#global?#digital?#currencies?#digital_assets?#digitalisation

Revolutionizing the financial landscape, Saudi Arabia takes a monumental step forward by forging an alliance with China and the UAE in a transformative digital currency initiative. The kingdom's decision to join forces with these key players in the digital currency realm, through the Bank for International Settlements' central bank digital currency platform, underscores its strategic vision for a cutting-edge financial future. This collaborative endeavor not only showcases Saudi Arabia's proactive stance towards embracing emerging technologies but also sets the stage for unparalleled cross-border financial integration. As the world witnesses this momentous partnership unfold, it becomes evident that the realm of digital currencies is evolving rapidly, with Saudi Arabia playing a pivotal role in shaping its trajectory. #SaudiArabia #DigitalCurrency #FinancialInnovation #GlobalPartnerships