“The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.” -26 Jan 2017 finextra.com
Did China win the Tug-O-War for leadership of Globalization?
We have been discussing the rollout of the globalists’ cashless society, here is another salvo from their quiver, along with the leadership moving East.
For years we have been warning about Virtual Currencies, Digital Currencies, System Reset, IMF’s 2010 Reform Treaty, Mandatory Bank Account, Transaction Currency, Payment System, SWIFT Clone/Redundancy, Digital Surveillance, De-dollarization, Currency Wars, War on Cash, 100% Tax Compliance, and the Cashless Society – Indeed they are all related!
The People’s Bank of China (PBoC) announced a blockchain-based national currency called “RMBCoin”.
I thought it was an amazing contrast to read that the governor (Mark Carney) of the UK central bank (BoE) was simultaneously embracing and cautioning the new advanced FinTech shaking up the banking industry, and now China (PBoC) becomes the first central bank to launch.
Carney reiterated the bank’s commitment to allowing non-traditional financial services companies access to authorisation. –financemagnates.com/fintech/news/
I am convinced that the globalists intend to beat Bitcoin at its own game using the blockchain technology with other FinTech for the worldwide cashless society.
This has been the “Modus operandi” of the ruling elite for many generations!
If they can’t threaten, or buy, or murder successful inventors and entrepreneurs, then they steal and regulate the competition out of business.
This could be the fate of bitcoin.
Which doesn’t mean that Bitcoin is dead, but when all the banks in every nation have a national version of the cryptocurrency, then it is no longer a threat to the current fraudulent international banking system.
Beware, Virtual National Currencies may be coming to your bank…
PS: Other advance technology (A.I., robots, funded research, and other tech) is used to script civilization; see comment section for more details. ~Ron
Read the Archived NEWS:
Mar 13, 2016 … Computer scientists have devised a digital crypto-currency in league with the Bank of England that could pose a devastating threat to large …telegraph.co.uk
Blockchain Could Save Financial Services $110 billion over Next …theblockchain.com
Mark Carney has seeded a revolution by embracing fintech…theglobeandmail.com
Jan 25, 2017 – BoE Governor Mark Carney Flags Fintech “Systemic Risks”:
companies are grappling with blockchain, the open-ledger technology that underpins bitcoin… financemagnates.com
Chinese central bank tests digital currency system
The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.
Citing sources from the PBOC, Caixin says the central bank on Dec. 15 completed the trial in transactions and settlements of bank acceptance bills using a digital currency it developed.
The tests were run with the participation of several commercial banks, including the Industrial and Commercial Bank of China, Bank of China and the private WeBank, the sources said.
Taking the next steps, the Bank plans to set up a digital currency research institute, staffed by experts in developing big-data systems, cryptography, and blockchain technology.
When the system is ready, the central bank’s pilot digital bank acceptance exchange platform will be connected with the existing Shanghai Commercial Paper Exchange to form a national platform for bank bill transactions, said a person close to the central bank.
In previous discussions on the subject, the PBOC has inferred that China’s digital money will be legal tender backed by the central government, and will enter circulation alongside traditional paper bills. –finextra.com