The article summarizes a report by the World Economic Forum (WEF) which is advocating for the use of (retail) central bank digital currencies (CBDCs) and the wholesale version (wCBDCs). Retail CBDCs are for the general public while wCBDCs are geared towards interbank payments and securities transactions. According to the WEF, wCBDCs are “transformative” and they will modernize financial markets.
With CBDCs, WEF notes that establishing digital ID frameworks is also essential because it will “enhance compliance with KYC (Know Your Customer), AML (Anti-Money Laundering) and CFT (Countering the Financing of Terrorism)” rules.
Editor’s Note: What is not mentioned in the WEF report is that CDBCs are also a threat to freedom [see Canadian experience shows glimpse of totalitarian future we can expect if citizens do not pushback, Why a move towards a cashless society should concern us all, Feds Colluded With Big Banks to Spy on Americans’ Financial Transactions, CBDC DIGITAL PRISON SLATED FOR IMPLEMENTATION IN 2024, Digital Society: Easy to Takedown and Control].
There’s nothing much that can be said here except that WEF is an enemy of humanity. Whatever initiatives they have, must be scrutinized. [See Understanding The Great Reset and Its Attack on Humanity: Part 1, Understanding The Great Reset and Its Attack on Humanity, Part 2: How the Different Attacks Reinforce Each Other, Understanding the Great Reset and Its Attack on Humanity, Part 3. Human Extinction, WEF Is Marching Us Toward A Life Of Passive Obedience, WEF’s 10 Most Chilling Vision Of The Future, The Ultimate Goal of the WEF is to Control and Change Life on Earth].
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