The Global Digital Currency is here

[mikeriley]

The Digital Currency Monetary Authority (DCMA) has launched
an international central bank digital currency (CBDC)

WASHINGTON, April 10, 2023 /PRNewswire/ -- Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.

Universal Monetary Unit (UMU), symbolized as ANSI Character, Ü, is legally a money commodity, can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.

Banks can attach SWIFT Codes and bank accounts to a UMU digital currency wallet and transaction SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at best-priced wholesale FX rates and with instantaneous real-time settlement.

Complete article available for reading at this link.

https://finance.yahoo.com/news/digital-currency-monetary-authority-dcma-132700400.html

 

[MKTrader]

I'd trust the people pushing that about as far as I could throw them.

 

[GlobalMacro90]

The Digital Currency Monetary Authority (DCMA) has launched
an international central bank digital currency (CBDC)

WASHINGTON, April 10, 2023 /PRNewswire/ -- Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.

Universal Monetary Unit (UMU), symbolized as ANSI Character, Ü, is legally a money commodity, can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.

Banks can attach SWIFT Codes and bank accounts to a UMU digital currency wallet and transaction SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at best-priced wholesale FX rates and with instantaneous real-time settlement.

Complete article available for reading at this link.

https://finance.yahoo.com/news/digital-currency-monetary-authority-dcma-132700400.html

This shit is completely Orwellian ... buy Bitcoin!

 

[earth_imperator]

SWIFT is an unreliable system b/c the US blackmails it to sanction & to block other countries.
The world needs independent systems.

 

[semperfrosty]

I'd trust the people pushing that about as far as I could throw them.

hahaha yeah thats the whole point.

 

[mikeriley]

One of the meanings of seigniorage,
is lord who has the right to mint coins.

These people think they are lords of the earth
and it's inhabitants.

 

[semperfrosty]

This shit is completely Orwellian ... buy Bitcoin!

The International Monetary shitting themselves and attempting to try to compete.

All the brain power in the world and still no insight into the problem that BTC solves!

Its not the digitalness!Its the fact that we can move away from the control of the few.

Just unreal.

 

[semperfrosty]

One of the meanings of seigniorage,
is lord who has the right to mint coins.

These people think they are lords of the earth
and it's inhabitants.

Interesting.Never heard of it.

Jeez you get into some interesting stuff Mike.

 

[DonEl]

There is a balance to be strucked between the credibility and viability of systems, and practical independence with controls. The weakness of digital currencies are under attack from scammers and crooks who continue to exploit a monetary system without legal control! So that digital/systems is itself threatened. Controls are essential so people are held accountable and responsible!