Countries are working on their own #DigitalCurrency. "Having a centralized digital currency seems like a more soft-touch way of introducing cryptocurrencies into society." this serves #BTC's price and ideology.
As of 2016, over 24 countries are investing in distributed ledger technologies (DLT) with $1.4bn in investments. In addition, over 90 central banks are engaged in DLT discussions, including implications of a central bank-issued digital currency. en.wikipedia.org/wiki/Digital_c…
Innovators like Ecuador, China, Senegal, Singapore, Tunisia, though these countries will not be standing alone for long with Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies. bit.ly/3t4JkZA
The digital euro would still be a euro: like banknotes but digital. It would be an electronic form of money issued by the Eurosystem (the ECB and national central banks) and accessible to all citizens and firms.
bit.ly/2PCKWMK
Japan's Central Bank Launches One-Year Test of Digital Currency
gizmodo.com/japans-central…
China Charges Ahead With a National Digital Currency
nytimes.com/2021/03/01/tec…
Bank of England looks into launching its own 'shitcoin'
euronews.com/2021/04/29/ban…
Digital rupee work in progress, looking at risks to stability: Das
economictimes.indiatimes.com/markets/stocks…
“First domino to fall”@NeilJacobs
google.com/amp/s/www.cnbc…
Bank of #France Carries Out Fifth #CBDC Experiment With BNP Paribas, Euroclear coindesk.com/bank-of-france…
France is leading CBDC development in Europe for now.
"it could be used like banknotes. I don’t think it is like banknotes, because it will not have the degree of anonymity that banknotes have.” @Lagarde trustnodes.com/2021/07/11/80-…
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More from @Sooly_Kobayashi

2 Jul
"We're hearin about #Lebanon's economic situation.
Vs.
We're seein a crazy clubbin nightlife on social media.
How r people goin out & spendin given the disastrous Lebanese situation?" @TheRealTahinis
Ali asked me this Q yesterday on Clubhouse, and I answered briefly:
⫸Thread⫷ Image
- Lebanon's post-war era (1990-Present) vs. the three main sectors of the economy (Agriculture, Manufacturing & Services) that haven't been built neither for self-sufficiency nor for export.
- How lively Lebanese are by nature.
- How luxurious cars in Leb are bought on credit.
- How Lebanese like to enjoy life at the expense of being realistic sometimes.
- How most Lebanese families in Lebanon have family members that are abroad working as expats worldwide. These Lebanese expats do send hard currencies to their families.
Read 16 tweets

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