WorthyNewsBot Posted March 14 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.46 Content Count: 44,323 Content Per Day: 7.18 Reputation: 986 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted March 14 by Karen Faulkner, Worthy News Correspondent (Worthy News) – The United States is “lagging” behind other major economies in developing a digital version of its currency, according to a recent study by the US-based Atlantic Council think tank. The study found that as 134 countries representing 98% of the global economy are making concerted efforts to produce a digital currency, the US is far behind competing economies such as China, India, Japan, and Europe in doing so. Like their fellow BRICS members India and China, Brazil, Russia, and South Africa are well ahead in developing their digital currencies. “The People’s Bank of China, for example, has more than three hundred people dedicated to working on digital currency, the Atlantic Council noted, adding that the US Federal Reserve system has fewer than 20 staff working on a digital dollar. “In the eurozone, the European Central Bank is now in the preparation phase for its Central Bank Digital Currency (CBDC),” the Atlantic Council said. “The reality is that central banks and legislatures across the Group of Twenty (G20) have moved past debating the theoretical merits and concerns with CBDCs, and instead are actually testing and piloting the technology to see what works and what doesn’t,” the Council said. The US Federal Reserve is “lagging behind its peers and competitors,” the Council stated. Acknowledging that the Fed has said it does not want to disrupt the dollar, the currency that holds the global economy, the Council asserted nonetheless: “While many are stepping in to fill the innovation gap, including the Bank for International Settlements, the ECB, and the Reserve Bank of India, none can substitute for the issuer of the world’s reserve currency.” The post US Is “Lagging” Behind World Powers In Developing Digital Currency appeared first on Worthy Christian News. View the full article Link to comment Share on other sites More sharing options...
FJK Posted March 14 Group: Royal Member Followers: 0 Topic Count: 43 Topics Per Day: 0.10 Content Count: 3,349 Content Per Day: 7.90 Reputation: 1,305 Days Won: 1 Joined: 03/01/2023 Status: Offline Share Posted March 14 The systems work fine without digital currencies and have for thousands of years, what do those overtly pushing for them expect to objectively result from them (or is it possible their real intentions are covert and have nothing to do with what is being claimed overtly)? Link to comment Share on other sites More sharing options...
The_Patriot21 Posted March 14 Group: Worthy Ministers Followers: 28 Topic Count: 338 Topics Per Day: 0.05 Content Count: 15,710 Content Per Day: 2.46 Reputation: 8,526 Days Won: 39 Joined: 10/25/2006 Status: Offline Birthday: 02/27/1985 Share Posted March 14 Good Link to comment Share on other sites More sharing options...
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