This is great, but will this be achieved? Several Senators and Representatives are proposing legislation against it, at least to not be done via EO, but how effective will this be? The BIS already states central banks have to be CBDC-ready/compliant by 2025. I’m wondering if this is all wishful thinking at this point.
Discussion
BIS is not a legislative body.
Although AgustÃn Carstens is about as big as one...
He ate the last one that stood up against him 😂
Not in the sense of setting laws for countries/nations, no it’s not. However it does indeed set protocol for its member banks, I.e. — the central banks that belong to it.