The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CDBCs) to interoperate on a global scale, which comes amid a broader push toward cashless societies and concerns about risks to freedoms. IMF managing director Kristalina Georgieva told conference participants on Monday in Rabat, Morocco, that the…

The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CBDC) to interoperate on a global scale, Managing Director Kristalina Georgieva told participants at a conference. “CBDCs should not be fragmented national propositions … To have more efficient and fairer transactions, we need systems that connect countries—we…

News Analysis Slowly but steadily, our money is taking on a new role; in addition to its traditional function as a medium of exchange and store of value, money is increasingly becoming a means of surveillance and control. Financial privacy has become one of the biggest casualties in the world’s relentless march to a digital…

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), is warning that the world is heading toward a widespread adoption of central bank digital currencies (CBDC) without properly considering the risk factors involved. “We are going in that direction,” Georgieva said about the adoption of CBDCs worldwide during a May 1 discussion Milken Institute…

Central bank digital currencies (CBDCs) might pose “significant risks, challenges, and tradeoffs,” warned Federal Reserve governor Michelle Bowman in a recent speech. It has been about a year since President Joe Biden signed an executive order that directed the federal government to examine the technological infrastructure and capacity for establishing a CBDC. Since then, the…

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

Commentary We live in the Age of Deception. Calling something what it truly is, is a rarity these days. Big Lies, Bad Outcomes, and No Consequences For example, the Biden administration’s “Inflation Reduction Act” actually raised prices on fuel and utilities, hurting middle-income Americans the worst. The law did exactly the opposite of what the…