Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.

The trial, which involved France and Germany's national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked at how CBDCs could be used internationally and even converted into fiat money if needed.

3 minute readOctober 5, 20229:19 AM GMT+3Last Updated 4 hours ago
SWIFT sets out blueprint for central bank digital currency network
By Marc Jones
Illustration picture of the app for China's digital currency
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. REUTERS/Florence Lo/Illustration
LONDON, Oct 5 (Reuters) - Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.

The trial, which involved France and Germany's national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked at how CBDCs could be used internationally and even converted into fiat money if needed.

Around 90% of the world's central banks are now using, trialling or looking into CBDCs. Most don't want to be left behind by bitcoin and other cryptocurrencies, but are grappling with technological complexities.

#US #market #CBDC #crypto

🇬🇧❗ More than 250,000 British companies closed in the first half of the year, this is a record - WSJ

The main reasons are high inflation and falling consumer demand.

Weekly inflation in Russia down to 0.07% — statistics

It is noted that consumer prices rose by 10.4% from the year beginning
Read more...

'Everything has a price' - OPEC chiefs clash with journalist over huge cuts to oil production

OPEC Secretary General Haitham al-Ghais responded to a journalist who accused the organization of trying to "hold the whole world hostage" and the announced production cuts were "an aggressive move."

On October 5, OPEC+ announced a reduction in oil production by 2 million barrels per day compared to August levels.

"We provide security and stability in the energy market," said al-Ghais.

I enjoyed that little temper tantrum from the CNBC reporter. Notice how they're already lining up the narrative that someone else, NOT the West, are to blame for the coming global economic collapse.

Reposted: For our free, yet censored friends

A very interesting point.

Though technically, they have mentioned the people...

...Imprisoning them for 'collaboration'.

🇷🇺🇺🇦 The Cossacks of the 208th regiment launched a hard counterattack on the enemy. From Kremennaya, they advanced 6 kilometers towards Krasny Liman, knocking out Ukrainian troops from Dibrov. The reliability of the information is confirmed by the headquarters of the Cossacks.

At least she's not a bot?

https://news.1rj.ru/str/DonbassDevushka/28553 a good oof for you all

Sorry WHAT?! Daily Mail lauding, even approving of this behaviour?!

https://www.dailymail.co.uk/news/article-11284819/How-Ukrainian-intelligence-chiefs-tracking-collaborators-worked-Russians.html

Deputy Gurulev said that the creation of units from the mobilized will take at least two months

https://tinyurl.com/2hgp88y3

Means nothing. I register with my UK address 😃 'A rule is not a rule unless it's enforced' - HOW can they enforce this?

Will keep you posted if they do somehow manage it.

https://tinyurl.com/2gmbdyxf